Common Stock $15 par value, 100,000 sales authorized, 55,000 shares issues and outstanding $ 825,000 Paid in capital in excess of par value, common stock 70,000 Retained Earnings 460,000 Total Stockholders equity $ 1,355,000 During 2019, the following transactions affected its stockholders equity accounts Jan 2 Purchased 4,000 shares of its own stock at $15 cash per share Jan 5 Directors declared a $2 per share cash dividend payable on February 28 th to the February 5 th stockholders of record Feb 28 Paid the dividend declared on January 5 th July 6 Sold 1,500 of its treasury shares at $19 cash per share Aug 22 Sold 2,500 of its treasury shares at $12 cash per share Sept 5 Directors declared a $2 per share cash dividend payable on October 28 th to the September 25 th stockholders of record Oct 28 Paid the dividend declared on September 5 th Dec 31 Closed the $408,000 credit balance (from net income) in the Income Summary account to Retained Earnings Required Prepare Journal entries to record each of these transactions Prepare a statement of retained earnings for the year ended December 31, 2019 Prepare the stockholders equity section of the companys balance sheet as of December 31th, 2019 Journal Entries Record the purchase of 4,000 shares of its own common stock for $15 cash per share Record the declaration of a cash dividend of $2 per share Record the payment of the cash dividend Record the reissue of 1,500 shares of the treasury stock for $19 cash per share Record the reissue of 2,500 shares of the treasury stock for $12 cash per share Record the declaration of a cash dividend of $2 per share Record the payment of the cash dividend Record the entry to close the $408,000 credit balance (from net income) in the Income Summary account to Retained Earnings Pt 2 Pt 3 Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Prepare a statement of retained earnings for the year ended December 31, 2019 (Amounts to be deducted sl indicated by a minus sign ) KOHLER CORPORATION Statement of Retained Earnings For Year Ended December 31, 2019 0 $ Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019 KOHLER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2019 Total contributed capital 0 Total stockholders' equity S 0

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Common Stock - $15 par value, 100,000 sales authorized, 55,000 shares issues and outstanding $ 825,000 Paid-in capital in excess of par value, common stock

Common Stock - $15 par value, 100,000 sales authorized, 55,000 shares issues and outstanding	$	825,000
Paid-in capital in excess of par value, common stock		70,000
Retained Earnings		460,000
Total Stockholders equity	$	1,355,000

During 2019, the following transactions affected its stockholders equity accounts.

Jan	2	Purchased 4,000 shares of its own stock at $15 cash per share.
Jan	5	Directors declared a $2 per share cash dividend payable on February 28^th to the February 5^th stockholders of record.
Feb	28	Paid the dividend declared on January 5^th.
July	6	Sold 1,500 of its treasury shares at $19 cash per share.
Aug	22	Sold 2,500 of its treasury shares at $12 cash per share.
Sept	5	Directors declared a $2 per share cash dividend payable on October 28^th to the September 25^th stockholders of record.
Oct	28	Paid the dividend declared on September 5^th.
Dec	31	Closed the $408,000 credit balance (from net income) in the Income Summary account to Retained Earnings.

Required:

Prepare Journal entries to record each of these transactions.
Prepare a statement of retained earnings for the year ended December 31, 2019.
Prepare the stockholders equity section of the companys balance sheet as of December 31th, 2019.

Journal Entries:

Record the purchase of 4,000 shares of its own common stock for $15 cash per share.
Record the declaration of a cash dividend of $2 per share.
Record the payment of the cash dividend.
Record the reissue of 1,500 shares of the treasury stock for $19 cash per share.
Record the reissue of 2,500 shares of the treasury stock for $12 cash per share.
Record the declaration of a cash dividend of $2 per share.
Record the payment of the cash dividend.
Record the entry to close the $408,000 credit balance (from net income) in the Income Summary account to Retained Earnings.

Pt 2

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Pt 3

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Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a statement of retained earnings for the year ended December 31, 2019. (Amounts to be deducted sl indicated by a minus sign.) KOHLER CORPORATION Statement of Retained Earnings For Year Ended December 31, 2019 0 $ Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019. KOHLER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2019 Total contributed capital 0 Total stockholders' equity S 0