Comparative statements of retained earnings for Renn-Dever Corporation were reported in its 2021 annual report as follows. RENN-DEVER CORPORATION Statements of Retained Earnings For the Years Ended December 31 2021 $6,761,952 3,228,700 213,500 819,950 $8,957,202 Balance at beginning of year Net income (loss) Deductions: Stock dividend (30,500 shares) Common shares retired (182,000 shares) Common stock cash dividends Balance at end of year Common stock, 1,715,000 shares at $1 par Paid-in capital-excess of par 2020 $5,513,052 2,120,900 At December 31, 2018, common shares consisted of the following: $1,715,000 6,860,000 204,000 668,000 $6,761,952 2019 $5,664,552 (151,500) 0 $5,513,052 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.)