Kohler Corporation reports the following components of stocicholders' equity at December 31 of the prior year During the current year, the following transactions affected its stockholders' equity accounts. Jancary 2 Purchaned 5,000 shares of ite oun stock at $20 east per ahare. January 5 Directors declared a \$4 per share cash dividend payable on Yebruary 28 to the February 5 atockholdere of record. february 28 Faid the dividend deelared on Jabuary 5. Iuly 6 sold 2,500 of itn treanery whares at $24 eash per share. Nugunt 22 sold 2,500 of its treasury shares at $16 cash per shnere. September 5 oirectors declared a \$4 per nhare cash dividend payablo on october 28 to the septenber 25 htoekholders of record. october 2t raid the dividend declared on Septenber 5. 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 . 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current yeat. Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of these transactions