Kohler Corporation reports the following components of stockholders' equity at December 31 of the prior year. Compon stoek-510 par value, 100,000 sharea authorized, 40,000 sharen issoed and outaranding Paid-in cepical in excena of par valuo, cospon atock anteined earningu Total Etockholdera' equisy During the current year, the followifg transactions affected its stockholders' equity accounts. January 2 Vurehesed 5,000 aharea of 1 th ove stoek at $15 cash per fhare. Jabuary 5 Diregtorn ideolared a f4 per ahare oash dvidend payable oe rebruary 25 to abe Yebruary 5 aroekholdera of reoord. Fobruary 28 paid the dividend declared an January 5 , du1y 6 bedd 2,500 of ith. treasury whares at s19 cash per share. huguse 22 , lold 2,560 of ten treanury lhares at 811 dash per share, reeord. october 28 Paid the dividand declared on Septenber S. Dedenher 31 closed the 1384,900 credit balance (fron net incone) in the Income sunary account to Retained Farainga Required: 1. Prepare joutnal 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 year, Complete this question by entering your answers in the tabs below. Journal entry worksheet Record the purchase of 5,000 shares of its own common stock for $15 cash per share. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for the current year ended December 31 . (Amounts to be deducted should be indicated by a minus sign.) Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year