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 Net income (loss) Deductions: $ 6,737,452 $ 5,494,552$5,644,552 3,288,780 2,100,900 (150,000) Stock dividend (30,000 shares) Common shares retired (100,900 shares) Common stock cash dividends 210,000 200,000 809,950658,000 Balance at end of year $ 8,926,202 6,737,452 $ 5,494,552 At December 31, 2015, common shares consisted of the following Common stock, 1,700,000 shares at $1 par Paid-in capital-excess of par $1,703,000 5,100,00e 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.)