ANSWER QUESTION NEATLY ANF FULLY

Kohler Corporation reports the following components of stockholders' equity at December 31, 2019. During 2020 , the following transactions affected its stockholders' equity accounts: January 2 Purchased 6,000 shares of its own stock at $20 cash per share. January 5 Directors declared a $6 per share cash dividend payable on February 28 to the February 5 stookholders of record. February 28 Paid the dividend declared on January 5 . July 6 sold 2,250 of its treasury shares at $24 cash per share. Mugust 22 sold 3,750 of its treasury shares at $17 cash per share. September 5 Directors declared a $6 per share cash dividend payable on october 28 to the september 25 atockholders of record. Ootober 28Paid the dividend deciared on September 5 . December 31 closed the $388,000 eredit balance (from net income) in the Income summary account to Retained zarnings. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the year ended December 31,2020 . 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31,2020. (x) Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of these transactions. During 2020 , the following transactions affected its stockholders' equity accounts. January 2 parchased 6,000 shares of its own stock at $20 cash per nhare. January 5 Directors declared a $6 per share canh dividend payable on February 28 to the February 5 atockholdern of record. February 28 paid the dividend declared on January 5 . July 6 sold 2,250 of its treasury shares at $24 cash per share. August 22 sold 3,750 of its treasury shares at $17 cash per share. September 5 Directors declared a $6 per share cash dividend payable on october 28 to the september 25 ntoekholders of record. ootober 28 paid the dividend deolared on september 5 . December 31 cloned the $388,000 eredit balance (fron net income) in the incone Summary account to rotalned Earnings. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the year ended December 31,2020 . 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2020. (8) Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for the year ended December 31, 2020. Note: Amounts to be deducted should be indicated by a minus sign. During 2020 , the following transactions affected its stockholders' equity accounts. January 2 purchased 6,000 shares of 1 ts own stock at $20 cash per share. January 5 Directors declared a $6 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 raid the dividend declared on January 5 . July 6 Sold 2,250 of ita treasury shares at $24 cash per share. hugust 22 sold 3,750 of its treasury shares at $17 cash per share. September 5 Directors declared a $6 per share cash dividend payable on oetober 28 to the septerber 25 stockholders of record. october 28 paid the dividend deelared on september 5 . December 31 closed the $388,000 credit balance (from net income) in the Income Sumary 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 31,2020 . 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31,2020. X Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section of the company's balance sheet as of December 31,2020