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 Balance at beginning of year $7,158,452 Net income (loss) 3,568,700 Deductions: Stock dividend (38,500 shares) 269,500 Common shares retired (136,000 shares) Common stock cash dividends 979,950 Balance at end of year $9,477,702 2020 $5,807,552 2,460,900 2019 $5,984,552 (177,000) 272,000 838,000 $7,158,452 0 $5,807,552 At December 31, 2018, common shares consisted of the following: Common stock, 1,955,000 shares at $1 par Paid-in capital-excess of par $1,955,000 9,775,000 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.) Journal entry worksheet 1 2 3 4 5 6 7 8 8 9 > Record transfer of net loss to retained earnings. Note: Enter debits before credits. Date General Journal Debit Credit 2019 Record entry Clear entry View general journal Journal entry worksheet Record transfer of net income to retained earnings. Note: Enter debits before credits. Date General Journal Debit Credit 2020 Record entry Clear entry View general journal Journal entry worksheet Record repurchase of shares for retirement. Note: Enter debits before credits. Date General Journal Debit Credit 2020 Record entry Clear entry View general journal Journal entry worksheet Record payment of cash dividend. Note: Enter debits before credits. Date General Journal Debit Credit 2020 Record entry Clear entry View general journal Journal entry worksheet Record transfer of net income to retained earnings. Note: Enter debits before credits. Date General Journal Debit Credit 2021 Record entry Clear entry View general journal Journal entry worksheet Record issue of stock dividend. Note: Enter debits before credits. Date General Journal Debit Credit 2021 Record entry Clear entry View general journal Journal entry worksheet Record declaration of cash dividend. Note: Enter debits before credits. Date General Journal Debit Credit 2021 Record entry Clear entry View general journal Journal entry worksheet