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 $ 6,825, 452 $ 5,568,552 $ 5,724,552 Net income (1033) 3,288,700 2,180,900 (156,000) Deductions: Stock dividend (32,000 shares) 224,000 Common shares retired (108,000 shares) 216,000 Common stock cash dividends 849,950 708,000 Balance at end of year $ 9,040,202 $ 6,825,452 $ 5,568,552 At December 31, 2015, common shares consisted of the following: Common stock, 1,760,000 shares at $1 par $ 1,760,000 Paid-in capital-excess of par 12,320,000 Required: Infer from the reports the events and transactions that affected Renn-Dever Corporation's 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.) View transaction list Journal entry worksheet 3 4 5 6 7 8 9 Record transfer of net loss to retained earnings