Kohler corporation reports the following components of stockholder's equity at December 31, 2018.

Kohler Corporation reports the following components of stockholders' equity at December 31, 2018 Common stock-$15 par value, 180,000 shares authorized, 50,800 shares issued and outstanding Paid-in capital in excess of par value. common stock Retained earnings Total stockholders equity $ 750,000 70,000 370,000 $1,190,000 During 2019, the following transactions affected its stockholders' equity accounts Jan. Jan. Feb. July Aug. Sept. Oct. Dec. 2 Purchased 5,000 shares of its own stock at $20 cash per share. 5 Directors declared $4 per share cash dividend payable on February 28 to the February 5 stocicholders of record. 28 Paid the dividend declared on January 5. 6 Sold 1,875 of its treasury shares at $24 cash per share. 22 Sold 3,125 of its treasury shares at $17 cash per share. 5 Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record. 28 Paid the dividend declared on September s. 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 year ended December 31, 2019 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019