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Kohler Corporation reports the following components of stockholders' equity at December 31, 2018 F43 Common stock-$20 par value, 100,600 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, como stock Retained earnings Total stockholders' equity $1,000,000 70,00 450,000 31,500,000 During 2019, the following transactions affected its stockholders' equity accounts Jan. 2 Purchased 4,500 shares of its own stock at $25 cash per share Jan 5 Directors declared a 14 per share cash dividend payable on February 23 to the February 5 stockholders of record Feb. 28 Paid the dividend declared on January 5. July 6 Sold 1,668 of its treasury shares at $29 cash per share Aug 22 Sold 2,012 of its treasury shares at $22 cash per share Sept. 3 Directors declared 14 per share cash dividend payable on October 21 to the September 25 stockholders of record Oct 28 Pald the dividend declared on September Dec. 1 closed the $30,000 credit balance (fron net incone) in the income Smary account to detained tants 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 belo Bequired! Required 2 Required)