Comparative statements of retained earnings for Renn-Dever Corporation were reported in its 2021 annual report as follows. Balance at beginning of year Net income (loss) Deductions: RENN-DEVER CORPORATION Statements of Retained Earnings For the Years Ended December 31 Stock dividend (31,000 shares) Common shares retired (104,000 shares) Common stock cash dividends Balance at end of year 2021 $6,786,452 3,248,700 2020 $5,531,552 2,140,900 2019 $5,684,552 (153,000) 217,000 829,950 $8,988,202 208,000 678,000 $6,786,452 $5,531,552 At December 31, 2018, common shares consisted of the following: Common stock, 1,730,000 shares at $1 par Paid-in capital-excess of par $1,730,000 8,650,000 Required: Infer from the reports the events and transactions that affected Renn-Dever Corporation's retained earnings during 2019, 2020, and 2021. 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.) (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 Record transfer of net loss to retained earnings