Comparative statements of retained earnings for Renn-Dever Corporation were reported in its 2013 annual report as follows.

RENN-DEVER CORPORATIONS

Statement of Retained Earnings

For the Years Ended Dec 31	2013	2012	2011
Balance at beginning of year	$ 6,794,292	5,464,052	$5,624,552
Net Income (Loss)	3,308,700	2,240,900	(160,500)
Deductions:
Stock dividend ( 34,900 shares)	242,000
Common shares retired (110,000 share)		212,660
Common stock cash dividends	889,950	698,000	0
Balance at end of year	$ 8,971,042	$6,794,292	$5,464,052

At December 31, 2010 common shares consisted of the following.

Common stock, 1855,000 shares at $1 par $ 1,855,000

Paid-in capital excess of par 7,420,00

Required:

Infer from the reports the events and transactions that affected Renn-Dever Corporations retained earning during 2011, 2012 and 2013. Prepare the journal entries that reflect those events and transactions.