• 1 Record transfer of net loss to retained earnings.

• 2 Record transfer of net income to retained earnings.

• 3 Record repurchase of shares for retirement.

• 4 Record declaration of cash dividend.

• 5 Record payment of cash dividend.

• 6 Record transfer of net income to retained earnings.

• 7 Record issue of stock dividend.

• 8 Record declaration of cash dividend.

• 9 Record payment of cash dividend.

Comparative statements of retained earnings for Renn-Dever Corporation were reported in its 2021 annual report as follows. 2019 $5,664,552 (151,500) RENN-DEVER CORPORATION Statements of Retained Earnings For the Years Ended December 31 2021 2020 Balance at beginning of year $6,761,952 $5,513,052 Net income (1033) 3,228,700 2,120, 900 Deductions: Stock dividend (30,500 shares) 213,500 Common shares retired (102,000 204,000 shares) Common stock cash dividends 819,950 668,000 Balance at end of year $8,957,202 $6,761,952 0 $5,513,05 At December 31, 2018, common shares consisted of the following: Common stock, 1,715,000 shares at $1 par $1,715,000 Paid-in capital-excess of par 6,860,000 Required: Infer from the reports the events and transactions that affected Renn-Dever Corporation's retained earnings during 2019, 2020, and 2021. Prepare the journal entries that reflect those events and transactions. (Hint: In lieu of revenues and expenses, use an account titled "Income summary" to close net income or net loss.) (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)