Comparative statements of retained earnings for Renn Dever Corporation were reported in its 2018 annual report as follows RENN DEVER CORPORATION Statements of Retained Earnings For the Years Ended December 31, 2018 2017 2016 Balance at beginning of year $ 7,011,452 $ 5,696,552 $ 5,864,552 Net income (loss) 3,448,700 2,340,900 (168,000 ) Deductions Stock dividend (35,500 shares) 248,500 Common shares retired (124,000 shares) 248,000 Common stock cash dividends 919,950 778,000 0 Balance at end of year $ 9,291,702 $ 7,011,452 $ 5,696,552 At December 31, 2015, common shares consisted of the following Common stock, 1,865,000 shares at $1 par $ 1,865,000 Paid in capitalexcess of par 7,460,000 Required Infer from the reports the events and transactions that affected Renn Dever Corporations retained earnings during 2016, 2017, and 2018 Prepare the journal entries that reflect those events and transactions (If no entry is required for a transaction event, select No journal entry required in the first account field )

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Comparative statements of retained earnings for Renn-Dever Corporation were reported in its 2018 annual report as follows. RENN-DEVER CORPORATION Statements of Retained Earnings For the

Comparative statements of retained earnings for Renn-Dever Corporation were reported in its 2018 annual report as follows.

RENN-DEVER CORPORATION Statements of Retained Earnings
For the Years Ended December 31,	2018		2017		2016
Balance at beginning of year	$	7,011,452	$	5,696,552	$	5,864,552
Net income (loss)		3,448,700		2,340,900		(168,000	)
Deductions:
Stock dividend (35,500 shares)		248,500
Common shares retired (124,000 shares)				248,000
Common stock cash dividends		919,950		778,000		0
Balance at end of year	$	9,291,702	$	7,011,452	$	5,696,552

At December 31, 2015, common shares consisted of the following:


Common stock, 1,865,000 shares at $1 par	$	1,865,000
Paid-in capitalexcess of par		7,460,000

Required: Infer from the reports the events and transactions that affected Renn-Dever Corporations retained earnings during 2016, 2017, and 2018. Prepare the journal entries that reflect those events and transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)