Check my work 1 Shown below in Ta 2018. At January 1, 2018, the corporation had outstanding 111 million common shares, $1 par per share. format are the changes affecting the retained earnings of Forge Corporation during Retained Earnings (S in millions) ts 96 Beginning balance Retirement of 11 million common shares for $25 million 03:11:28 80 Net income for the year Declaration and payment of a 39 $0.39 per share cash dividend Declaration and distribution of a 20 113 Ending balance Print ferences Required: 1. From the information provided by the account changes you should be able to recreate the transactions that affected Forge's retained earnings during 2018. Prepare the journal entries that Forge must have recorded during the year for these transactions. 2. Prepare a statement of retained earnings for Forge for the year ended 2018. Complete this question by entering your answers in the tabs below. Required 1 Required 2