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al Kohler Corporation reports the following components of stockholders' equity at December 31 of the prior year Common stock-415 par value, 100,000 shares authorized,
al Kohler Corporation reports the following components of stockholders' equity at December 31 of the prior year Common stock-415 par value, 100,000 shares authorized, 10,000 shares issued and outstanding Paid-in capital is excess of par value, common stock Retained earnings Total ethality During the current year, the following transactions affected its stockholders' equity accounts. Zary 3 Purchased 5,000 shares of its own stock at $25 cash per share. Janery February 28 July Aug 22 September 750,000 60,000 370,000 1,180,000 Directors declared 16 per share cash dividend payable on February 28 to the Pebesary 5 stockholders of Paid the dividend declared on January 5. Sold 2,500 at its treasury shares at 129 cash per share. Bold 2,500 of its treasury shares at 821 cash per share. Directors declared 14 por share ssh dividend payable on October 28 to the September 25 stockholders of October 28 Paid the dividend declared on September 3. cber 31 Cined the 3408,000 credit balance (fron set lanone) is the Inconn Buntary account to Betained Earnings. Required 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the current year ended December 31 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. Complete this question by entering your answers in the tabs below. PER Aqued 2 Required 3 Prepare journal entries to read each of these transactions
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