Homework Chapter Help Save & et Submit 13 70,00 75 points Kohler Carporation reports the following components of stockholders equity at December 31 of the prior your Comon stock-$35 par value, 300,000 shares authorized, 50,100 shares issued and outstanding $1,250,00 Pait-In capital in excess of par value, coreon Stock Retained earnings 638,080 Total stockholders' equity 31,750,000 During the current year, the following transactions affected its stockholders' equity accounts January 2 Purchased 4,000 shares of its own stock 525 cash per share. January Directors declared a 54 per share cash dividend payable on February 20 to the February 3 stockholders of record. February 28 Paid the dividend declared on January 5. July Sold 1,5ee of its treasury shares at 529 cash per share. August 22 Sold 2, see of its treasury shares at $21 cash per share. September 5 Directors declared 4 per share cash dividend payable en October 20to the September 25 stockholders of record, October 28 Paid the dividend declared on September 3. December 31 Closes the s488.cne credit balance (from het Income) in the Income Summary account to Retaines Earrings Required: 1. Prepare journal entries to record oach of these transactions 2. Prepare a statement of retained earnings for the current year ended December 31 2. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. Complete this question by entering your answers in the tabs below. Regulad Required2 Required Prepare youma entries to record each of these transaction Viestramation Viejournal entry work No Date General waye Treasury stack, Common Cash D Cred TO DO 80.000 Grow