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			2020			2019
Balance at beginning of year	$	6,794,292		$	5,464,052		$	5,624,552
Net income (loss)		3,308,700			2,240,900			(160,500	)
Deductions:
Stock dividend (34,900 shares)		242,000
Common shares retired (110,000 shares)					212,660
Common stock cash dividends		889,950			698,000			0
Balance at end of year	$	8,971,042		$	6,794,292		$	5,464,052

At December 31, 2018, common shares consisted of the following:

Common stock, 1,855,000 shares at $1 par	$	1,855,000
Paid-in capitalexcess of par		7,420,000

Required: Infer from the reports the events and transactions that affected Renn-Dever Corporations 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.) I only need answers for numbers 7, 8 & 9.