. Company	Annual Cash Dividend per Share				Market Value per Share
1	$	12.00			$	193.55
2		9.00				107.14
3		7.90				73.15
4		1.80				129.70

Compute the dividend yield for each of these four separate companies.

Dividend Yield
Company	Choose Numerator:	/	Choose Denominator:	=	Dividend Yield
	Annual cash dividend per share	/	Market value per share	=	Dividend yield
1	$12.00	/	$193.55	=	6.2%
2	9.00	/	107.14	=	8.4%
3	7.90	/	73.15	=	10.8%
4	1.80	/	129.70	=	1.4%

Kohler Corporation reports the following components of stockholders equity on December 31, 2016:

Common stock$20 par value, 100,000 shares authorized, 45,000 shares issued and outstanding	$	900,000
Paid-in capital in excess of par value, common stock		60,000
Retained earnings		460,000
Total stockholders' equity	$	1,420,000

In year 2017, the following transactions affected its stockholders equity accounts.

Jan.		1		Purchased 5,000 shares of its own stock at $20 cash per share.
Jan.		5		Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record.
Feb.		28		Paid the dividend declared on January 5.
July		6		Sold 1,875 of its treasury shares at $24 cash per share.
Aug.		22		Sold 3,125 of its treasury shares at $17 cash per share.
Sept.		5		Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record.
Oct.		28		Paid the dividend declared on September 5.
Dec.		31		Closed the $388,000 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 companys balance sheet as of December 31, 2017.

Record the purchase of 5,000 shares of its own common stock for $20 cash per share.

Record the declaration of a cash dividend of $2 per share.

Record the payment of a cash dividend.

Record the reissue of 1,875 shares of the treasury stock for $24 cash per share.

Record the reissue of 3,125 shares of the treasury stock for $17 cash per share.

Record the declaration of a cash dividend of $2 per share.

Record the payment of a cash dividend.

Record the entry to close the income summary account having a credit balance of $388,000.

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
	0
	$0

Prepare the stockholders' equity section of the companys balance sheet as of December 31, 2017.

KOHLER CORPORATION
Stockholders' Equity Section of the Balance Sheet
December 31, 2017
Total contributed capital	0
Total stockholders' equity	$0