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
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