Check my w In year 2017, the following transactions affected its stockholders' equity accounts. Jan. Jan. 1 Purchased 5,000 shares of its own stock at $25 cash per share. 5 Di rectors declared a $4 per share cash dividend payable on Fobruary 28 to the February 5 stockholders of record. Feb. 28 Paid the dividend declared on January 5. July 6Sold 1,875 of its treasury shares at $29 cash per share. Aug. 22 Sold 3,125 of its treasury shares at $22 cash per share. Sept. 5 Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders ot record Oct. 28 Paid the dividend declared on September 5. Dec. 31 Closed the $408,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Required: 1. Prepare journal entries to record each of these transactions for 2017 2. Prepare a statement of retained earnings for the year ended December 31, 2017 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2017. Complete this question by entering your answers in the tabs below. Required 1 Required 2Required 3 Prepare a statement of retained earnings for the year ended December 31, 2017. (Amounts to be deducted should be indicated by a minus sign.) KOHLER CORPORATION Statement of Retained Earnings For Year Ended December 31, 2017 Check my w In year 2017, the following transactions affected its stockholders' equity accounts. Jan. Jan. 1 Purchased 5,000 shares of its own stock at $25 cash per share. 5 Di rectors declared a $4 per share cash dividend payable on Fobruary 28 to the February 5 stockholders of record. Feb. 28 Paid the dividend declared on January 5. July 6Sold 1,875 of its treasury shares at $29 cash per share. Aug. 22 Sold 3,125 of its treasury shares at $22 cash per share. Sept. 5 Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders ot record Oct. 28 Paid the dividend declared on September 5. Dec. 31 Closed the $408,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Required: 1. Prepare journal entries to record each of these transactions for 2017 2. Prepare a statement of retained earnings for the year ended December 31, 2017 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2017. Complete this question by entering your answers in the tabs below. Required 1 Required 2Required 3 Prepare a statement of retained earnings for the year ended December 31, 2017. (Amounts to be deducted should be indicated by a minus sign.) KOHLER CORPORATION Statement of Retained Earnings For Year Ended December 31, 2017