Comparative statements of retained earnings for Renn-Dever Corporation were reported in its 2018 annual report as follows.

At December 31, 2015, common shares consisted of the following:
Common stock, 1,855,000 shares at $1 par ................$1,855,000
Paid-in capital-excess of par .................................7,420,000
Required:
Infer from the reports the events and transactions that affected Renn-Dever Corporation's retained earnings during 2016, 2017, and 2018. Prepare the journal entries that reflect those events and transactions.

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RENN-DEVER CORPORATION Statements of Retained Earnings For the Years Ended December 31 2018 2017 $5,464,052 2,240,900 2016 $6.794,292 $5,624,552 Balance at beginning of year Net income (loss) 3,308,700 242,000 889,950 (160,500) Stock dividend (34,900 shares) Common shares retired (110,000 shares) Common stock cash dividends 212,660 698,000 0 Balance at end of year $8,97 1,042 $5,464,052