Kohler Corporation reports the following components of stockholders equity at December 31 of the priar year. Conmon stock-\$10 par value, 100 , eee shares authorized, 50 , 09e shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' cquity During the current year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 5 , 00e shares of tts own atock at 515 cash per share. January 5 pirectors declared a 52 per share cash dividend payable on february 28 to the february 5 stocktolders of recard. February 28 paid the divldend declared on January 5. July 6 sold 2 , 50e of its treasury shares at sio cesh per share. August 22 sold 2,500 of its treasury shares at \$11 cash per share. September 5 pirectors declared o \$2 per share cash olvidend payoble on october 28 to the septenber 25 stockholders of record October 28 paid the dividend declared on septenber 5 . December 31 closed the 5425,090 sredit balance (from pet incone) in the Incone Sumary account to fetained Earnings. Required: 1. Prepare journat entries to record each of these transactons. 2. Prepare a statement of retained eamings for the current year ended December 31 3. Prepare the stockholders' equity section of the ba ance sheet as of December 31 of the current year: Complete this question by entering your answers in th Prepare a statement of retained earnings for the current year indicated by a minus sign.) Check my work mode : This shows what is correct or incorrect fo Complete this question by entering your answers in the tabs Prepare the stockholders' equity section of the balance sheet as of D