I need help with this question. Thank you.

Kohler Corporation reports the following components of stockholders' equity at December 31,2019. During 2020, the following transactions affected its stockholders' equity accounts. January 2 Purchased 4,500 shares of its own stock at $20 cash per share. January 5 Directors declared a $6 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 1,688 of its treasury shares at $24 cash per share. August 22 Sold 2,812 of its treasury shares at $17 cash per share. September 5 Directors declared a $6 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 $408,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the year ended December 31, 2020. 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2020 . Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of these transactions. Journal entry worksheet Note: Enter debits before credits. Kohler Corporation reports the following components of stockholders' equity at December 31,2019. During 2020, the following transactions affected its stockholders' equity accounts. January 2 Purchased 4,500 shares of its own stock at $20 cash per share. January 5 Directors declared a $6 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 1,688 of its treasury shares at $24 cash per share. August 22 Sold 2,812 of its treasury shares at $17 cash per share. Oeptember 5 Directors declared a $6 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 $408,000 credit balance ( from net income) in the Income summary account to Retained Earnings. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the year ended December 31,2020 . 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31,2020 . Complete this question by entering your answers in the tabs below. Note: Amounts to be deducted should be indicated by a minus sign. 31,2020 . Kohler Corporation reports the following components of stockholders' equity at December 31,2019. Common stock-\$15 par value, 100,000 shares authorized, 50,000 During 2020, the following transactions affected its stockholders' equity accounts. January 2 Purchased 4,500 shares of its own stock at $20 cash per share. January 5 Directors declared a $6 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 1,688 of its treasury shares at $24 cash per share. August 22 Sold 2,812 of its treasury shares at $17 cash per share. September 5 Directors declared a $6 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 $408,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the year ended December 31, 2020. 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31,2020. Complete this question by entering your answers in the tabs below. \begin{tabular}{|l|l:l} \hline Required 1 & Required 2 & Required 3 \\ \hline \end{tabular} Prepare the stockholders' equity section of the company's balance sheet as of December 31,2020