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 $20 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 $24 cash per share. August 22 sold 2,812 of 1 ts treasury shares at $17 cash per share. september 5 Directorn declared a $2 per share cash dividend payable on october 28 to the september 25 stockholdors of record. October 28 paid the dividend declared on September 5. October 28 Paid the dividend declared on September 5 . Decomber 31 closed the $408,000 oredit balance (from net income) in the Income surmary 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