Comparative statements of retained earnings for Renn-Dever Corporation were as follows: Balance at beginning of year Net income (loss) Deductions: Stock dividend (33,500 shares) RENN-DEVER CORPORATION Statements of Retained Earnings For the Years Ended December 31 Common shares retired (116,000 shares) Common stock cash dividends 2026 $6,913,452 3,368,700 2025 2024 $5,622,552 2,260,900 $5,784,552 (162,000) 234,500 879,950 $9,167,702 232,000 738,000 $6,913,452 $5,622,552 Balance at end of year At December 31, 2023, common shares consisted of the following: Common stock, 1,885,000 shares at $1 par Paid-in capital-excess of par $ 1,805,000 10,830,000 Required: Infer from the reports the events and transactions that affected Renn-Dever Corporation's retained earnings during 2024, 2025, and 2026. Prepare the journal entries that reflect those events and transactions. (Hint: In lieu of revenues and expenses, use an account titled "Income summary" to close net income or net loss.) Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 8 9 > Record transfer of net loss to retained earnings. Note: Enter debits before credits. Date 2024 General Journal Debit Credit