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Comparative statements of retained earnings for Renn-Dever Corporation were reported in its 2016 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 2016 annual report as follows.

RENN-DEVER CORPORATION Statements of Retained Earnings
For the Years Ended December 31, 2016 2015 2014
Balance at beginning of year $ 7,158,452 $ 5,807,552 $ 5,984,552
Net income (loss) 3,568,700 2,460,900 (177,000 )
Deductions:
Stock dividend (38,500 shares) 269,500
Common shares retired (136,000 shares) 272,000
Common stock cash dividends 979,950 838,000 0
Balance at end of year $ 9,477,702 $ 7,158,452 $ 5,807,552

At December 31, 2013, common shares consisted of the following:

Common stock, 1,955,000 shares at $1 par $ 1,955,000
Paid-in capitalexcess of par 9,775,000

Required:

Infer from the reports the events and transactions that affected Renn-Dever Corporations retained earnings during 2014, 2015, and 2016. 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.)

Record transfer of net loss to retained earnings.

Record transfer of net income to retained earnings.

Record repurchase of shares for retirement.

Record declaration of cash dividend.

Record payment of cash dividend.

Record transfer of net income to retained earnings.

Record issue of stock dividend.

Record declaration of cash dividend.

Record payment of cash dividend.

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