Exercise 21-18 Spreadsheet entries from statement of retained earnings [LO21-3, 21-4, 21-5, 21-6, 21-7, 21-8] The statement of retained earnings of Gary Larson Publishers is presented below. GARY LARSON PUBLISHERS Statement of Retained Earnings For the Year Ended December 31, 2016 ($ in millions) Retained earnings, January 1 $ 260 Add: Net income 77 Deduct: Cash dividend (21 ) Stock dividend (1 million shares of $1 par common stock) (24 ) Property dividend (Garfield Company preferred stock held as a short-term investment) (20 ) Sale of treasury stock (cost $48 million) (11 ) Retained earnings, December 31 $ 261 Required: For the transactions that affected Larsons retained earnings, reconstruct the journal entries for the transactions that affected retained earnings and that can be used to determine cash flows to be reported in a statement of cash flows. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) References General JournalExercise 21-18 Spreads