1 Kohler Corporation reports the following components of stockholders' equity December 31 of the prior yar Common Stock-$10 par value 100,000 shares authorized 40,000 has issued and outstanding $200,000 Paldin capital in excess of par value, como stock 60,000 Retained earning Total stockholders equity $7. During the current year, the following transactions affected to stockholders equity accounts January 2 Purchased 4,000 shares of its stock 520 cather January Directors declared $2 sharwash vidyle is way 2 to the stochons record Terary 2 Pid the divided declared Day 5 July Sold 2.000 its try 524 perhe August 22 uld 2,000 of it truy share September Directors are the evident the 20tacter record October 2 Pald the vidend cared on September Oct 11 Cloed the $300.000 metrin the content Required: 1 Prepare journal entries to record och of these transactions 2. Prepare a statement of retained earnings for the current year andeo December 31 3. Prepare the stockholders' equity section of the balance shoot as of December of the current year Complete this question by entering your answers in the tabs below. Red to De trecord each of these transactions ebook View transaction at References Journal entry worksheet mi 7 Record the purchase of 4,000 shares of its own common stock for $20 cash per share. Nateret Credit Date General Journal January 02 Treasury stock Common Cash Clebit 80.000 80.000 Record entry Charly View All Derences Journal entry worksheet 2 7 > Record the declaration of a cash dividend of $2 per share, hatter before the Debat Credit Date General Journal January 05 Retained earnings Common dividend payable acord entry Clear entry Vio . References Journal entry worksheet 2 7 > Record the payment of the cash dividend. Patenter store arcits Debit Credit Date General Journal February 28 common dividend payable Cash Peoordenly Charente View journal View transaction lit Delen Journal entry worksheet 7 > Record the entry to close the $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Note: intarit General Journal Debit Credit Date December 31 income summary Pinterest expense Recently Caranty Www journa Complete this question by entering your answers in the tabs below. w Required 1 Required 2 Required Prepare a statement of retained earnings for the current year ended December 31. (Amounts to be deducted should be indicated by a minus sign) KOHLER CORPORATION Statement of Retained Earnings For Current Year Ended December 31 Retained earnings. December 31 prior year 5 270.000 Add Net Income Less: Cash dividends declared Retained earnings December 31, current year 3 270.000 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. KOHLER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Paid-in capital in excess of par value common stock Common stock 510 par value Total contributed capital Retained earnings $ Total stockholders eauty A