Comparative statements of retained earnings for Renn-Dever Corporation were reported in its 2018 annual report as follows. RENN-DEVER CORPORATION Statenents of Retained Earnings For the Years Ended December 31, 2017 $ 6,810,952 5,550,052 5,704,552 2018 2016 Balance at beginning of year Net income (loss) 3,268,700 2,160,900 (154,500) Stock dividend (31,500 shares) Common shares retired (106,000 shares) Common stock cash dividends 220,500 212,000 688,000 839,950 $9,019,202 $ 6,810,952 5,550,052 Balance at end of year At December 31, 2015, common shares consisted of the following: common stock, 1,745,000 shares at Si par Paid-in capital-excess of paz 1,745,000 10,470,000 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.) View transaction list View transaction list Journal entry worksheet Record payment of cash dividend. Note: Enter debits before credis Debit Credit Date General Journal 2018 Record entry Clear entry View general journal