GL1301 (Static) - Based on Problem 13-2A Kohler Corporation LO C3, P2, P3 Kohler Corporation reports the following components of stockholders' equity on January 1. Common stock-$10 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity During the year, the following transactions affected Its stockholders' equity accounts. January 2 Purchased 4,000 shares of its own stock at $20 cash per share. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 Sold 2,000 of its treasury shares at $24 cash per share. August 22 Sold 2,000 of its treasury shares at $16 cash per share. September 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 28 Paid the dividend declared on September 5. December 31 Closed the $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Statement of Stockholders Impact on RE Equity Equity Prepare the Statement of Retained Earnings for Kohler Corporation for the year ended December 31. KOHLER CORPORATION Statement of Retained Earnings For Year Ended December 31 S Requirement General Journal Beginning retained earnings Add: Net income General Ledger Less: Cash dividends declared Ending retained earnings S X Answer is not complete. Trial Balance 270,000 388,000 658,000 152.000 x 506,000 $ 400,000 60,000 270,000 $ 730,000

During the year, the followng transactions affected its stockhoiders' equity accounts. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. rebruary 28 Pald the alvideid deciared on Janiary: 5 July 6 sold 2,60 of its treasury shares at $24 cast per share. Augus 22 sold 2 , 600 of its treabury shares at 516 cash per share. September 5 Directors declared a $2 per share cash dividerd payable on october 28 to the September 25 stockholdees of record. October 28 paid the dividend declibed on septenter 5 . 8 Answer is not complete. Prepare the Statement of Retained Eamings for Kohler Corporation for the year ended December 31