complete all parts.

Shown below in T-account format are the changes affecting the retained earnings of Brenner-Jude Corporation during 2021. At January 1, 2021, the corporation had outstanding 107 million common shares, $1 par per share. Retained Earnings ($ in millions) 109 Deginning balance Retirement of 7 million common shares for $38 million 90 Nel income for the year 35 Declaration and payment of a $0.35 per share cash dividend Declaration and distribution of a 63 stock dividend 25 145 Ending balance Required: 1. From the information provided by the account changes, you should be able to recreate the transactions that affected Brenner Jude's retained earnings during 2021. Prepare the journal entries that Brenner Jude must have recorded during the year for these transactions. (Hint: In lieu of revenues and expenses, use an account titled "Income summary" to close net income or net loss.) 2. Prepare a statement of retained earnings for Brenner Jude for the year ended 2021 Journal entry worksheet 1 2 3 > Record the retirement of common shares. Notes Enter debits before credits. Event General Journal Debit Credit Journal entry worksheet 3 ALLA Record the closing entry for net income. Note: Enter debits before credits. Event General Journal Debit Credit 2 Journal entry worksheet 2 & Record the declaration and payment of a cash dividend. Note: Enter debits before credits. Debit General Journal Event Credit 3 Journal entry worksheet 1 2. 2 3 Record the declaration and distribution of a stock dividend. Note: Enter debits before credits. Event General Journal Debit Credit Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a statement of retained earnings for Brenner-Jude for the year ended 2021. (Enter your answers in millons ... 10,000,000 should be entered as 10).) BRENNER-JUVE CORPORATION Statement of Retained Earnings FOR THE YEAR ENDED DECEMBER 31, 2021 (5 in millions) Balance at January 1 109 Deductions: Balance at December 31