Kohler Corporation reports the following components of stockholders equity at December 31, 2018.

Common stock$15 par value, 100,000 shares authorized, 55,000 shares issued and outstanding	$	825,000
Paid-in capital in excess of par value, common stock		70,000
Retained earnings		400,000
Total stockholders' equity	$	1,295,000

During 2019, the following transactions affected its stockholders equity accounts.

Jan.		2		Purchased 4,500 shares of its own stock at $25 cash per share.
Jan.		5		Directors declared a $4 per share cash dividend payable on February 28 to the February 5 stockholders of record.
Feb.		28		Paid the dividend declared on January 5.
July		6		Sold 1,688 of its treasury shares at $29 cash per share.
Aug.		22		Sold 2,812 of its treasury shares at $22 cash per share.
Sept.		5		Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record.
Oct.		28		Paid the dividend declared on September 5.
Dec.		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 companys balance sheet as of December 31, 2019.

• Record the purchase of 4,500 shares of its own common stock for $25 cash per share.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Jan 02

• Record the declaration of a cash dividend of $4 per share.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Jan 05

• Record the payment of the cash dividend.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Feb 28

• Record the reissue of 1,688 shares of the treasury stock for $29 cash per share.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Jul 06

• Record the reissue of 2,812 shares of the treasury stock for $22 cash per share.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Aug 22

• Record the declaration of a cash dividend of $4 per share.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Sep 05

• Record the payment of the cash dividend.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Oct 28

• Record the entry to close the $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
Dec 31