kohler coropration. need help with 1,2,3

SLIP VIS STAPLES STAPLES STAPLES 1 Chapter 11 Corporate Reporting and Analysis Kohler Corporation reports the following components of stockholders' equity at December 31 of the prior year. Common stock-$10 par value. 100.000 shares authorized. 40.000 shares issued and outstanding.... $400,000 Paid-in capital in excess of par value, common stock 60,000 Retained earnings. 270,000 Total stockholders' equity $730,000 Jan. Aug. 22 During the current year, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 4,000 shares of its own stock at $20 cash per share. Fresort) 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. ( 406 End Feb. 28 Paid the dividend declared on January 5. July 6 Sold 2.000 of its treasury shares at S24 cash per share. Sold 2,000 of its treasury shares at $16 cash per share. Sep. 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28 Paid the dividend declared on September 5. Dec. 31 Closed the $388,000 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 current year ended December 31. RE. 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. R.E. State Equins At Sentember 30, the end of Beijing Company's third quarter, the following stockholders' equity accounts