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Comparative statements of retained earnings for Renn-Dever Corporation were reported in its 2018 annual report as follows.

RENN-DEVER CORPORATION Statements of Retained Earnings
For the Years Ended December 31,	2018			2017			2016
Balance at beginning of year	$	7,109,452		$	5,770,552		$	5,944,552
Net income (loss)		3,528,700			2,420,900			(174,000	)
Deductions:
Stock dividend (37,500 shares)		262,500
Common shares retired (132,000 shares)					264,000
Common stock cash dividends		959,950			818,000			0
Balance at end of year	$	9,415,702		$	7,109,452		$	5,770,552

At December 31, 2015, common shares consisted of the following:

Common stock, 1,925,000 shares at $1 par	$	1,925,000
Paid-in capitalexcess of par		11,550,000

Required: Infer from the reports the events and transactions that affected Renn-Dever Corporations 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.)