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

At December 31,2018 , common shares consisted of the following: 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 entrles that reflect those events and transactions. (Hint: In lleu of revenues and expenses, use an account titled "Income summary" to close net income or net loss.) (If no entry Is required for a transactlon/event, select "No Journal entry required" In the first account fleld.)