5 8.75 points Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$15 par value, 100,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 01:34:29 $ 750,000 60,000 400,000 $1,210,000 During 2019, the following transactions affected its stockholders' equity accounts. eBook Jan. 2 Purchased 5,000 shares of its own stock at $15 cash per share. References Jan. 5 Directors declared a $6 per share cash dividend payable on February 28 to the February 5 stockholders of record. Feb. 28 Paid the dividend declared on January 5. July 6 Sold 1,875 of its treasury shares at $19 cash per share. Aug. 22 Sold 3,125 of its treasury shares at $12 cash per share. Sept. 5 Directors declared a $6 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28 Paid the dividend declared on September 5. Dec. 31 Closed the $428,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the year ended December 31, 2019. 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions. View transaction let Journal entry worksheet 1 2345 8 7 8 5 Complete this question by entering your answers in the tabs below. 8.75 points 01:33:29 eBook References Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions. View transaction let Journal entry worksheet 1 2 3456 7 8 Record the purchase of 5,000 shares of its own common stock for $15 cash per share. Note: Enter debits before credits. Date Jan 02 General Journal Debit Credit Record entry Clear entry View general journal < Required 1 Required 2 > Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions. View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 78 Record the declaration of a cash dividend of $6 per share. Note: Enter debits before credits. Date Jan 05 General Journal Debit Credit Record entry Clear entry View general journal < Required 1 Required 2 > Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions. View transaction list Journal entry worksheet < 1 2 3 4 5 8 7 8 Record the payment of the cash dividend. Note: Enter debits before credits. Date Feb 28 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 8 Record the reissue of 1,875 shares of the treasury stock for $19 cash per share. Note: Enter debits before credits. Date Jul 06 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 10 5 6 7 8 Record the reissue of 3,125 shares of the treasury stock for $12 cash per share. Note: Enter debits before credits. Date Aug 22 General Journal Debit Credit 7 Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 8 Record the declaration of a cash dividend of $6 per share. Note: Enter debits before credits. Date Sep 05 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 5 6 7 8 Record the payment of the cash dividend. Note: Enter debits before credits. Date Oct 28 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 7 8 Record the entry to close the $428,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Note: Enter debits before credits. Date Dec 31 General Journal Debit Credit Record entry Clear entry View general journal