For 2016:

-Record transfer of net loss to retained earnings.

For 2017:

-Record transfer of net income to retained earnings.

-Record repurchase of shares for retirement.

-Record declaration of cash dividend.

-Record payment of cash dividend.

For 2018:

-Record transfer of net income to retained earnings.

-Record issue of stock dividend

-Record declaration of cash dividend.

-Record payment of cash dividend.

00 Comparative statements of retained earnings for Renn-Dever Corporation were reported in its 2018 annual report as follows. 1 points eBook RENN-DEVER CORPORATION Statements of Retained Earnings For the Years Ended 2018 2017 2016 December 31, Balance at beginning of $6,937,952 $5,641,052 $5,804,552 year Net income (loss) 3,388,700 2,280,900 (163,500) Deductions: Stock dividend (34,000 238,000 shares) Common shares retired 236,000 (118,000 shares) Common stock cash 889,950 748,000 0 dividends Balance at end of year $9,198,702 $6,937,952 $5,641,052 Print References At December 31, 2015, common shares consisted of the following: $1,820,000 Common stock, 1,820,000 shares at $1 par Paid-in capital-excess of par 9,100,000 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 Journal entry worksheet