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 $25 cash per share. January 5 Directors declared a $2 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 $29 cash per share. August 22 Sotd 2,812 of 1ts treasury shares at $22 cash per share. September 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 28 Paid the dividend declared on September 5. Decenber 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 31,2020 . 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