4 Skipped Mc Comparative statements of retained earni Balance at beginning of year Net income (loss) Deductions: RENN-DEVER CORPORATION Statements of Retained Earnings For the Years Ended December 31 Stock dividend (33,000 shares) Common shares retired (114,000 shares) Common stock cash dividends Balance at end of year 2026 $6,870,452 3,348,700 2025 $5,605,552 2,220,900 2024 $5,764,552 (159,000) 231,000 869,950 $9,118,202 228,000 728,000 $6,870,452 0 $5,605,552 At December 31, 2023, common shares consisted of the following: Common stock, 1,790,000 shares at $1 par Paid-in capital-excess of par Required: $ 1,790,000 12,530,000 Infer from the reports the events and transactions that affected Renn-Dever Corporation's retained earnings during 2024, 2025, and 2026, 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.) Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 9 Record transfer of net loss to retained earnings. 10