Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$10 par value, 100,880 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500,000 80,000 400,000 5.980,eee During 2019, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,500 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 2,063 of its treasury shares at $29 cash per shore. Aug 22 Sold 3,437 of its treasury shares at $22 cash per share. Sept. 5 Directors declared a $4 per shace 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 $420,000 credit balance (from net income) in the Income Surnary 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 company's balance sheet as of December 31, 2019 Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions. View transaction list Journal entry worksheet 1 2. 3 5 6 7 8 A Record the purchase of 5,500 shares of its own common stock for $25 cash per share. Note: Enter debits before credits General Journal Debit Credit Date Jan 02 Required 1 Required 2 Required 3 Prepare a statement of retained earnings for the year ended December 31, 2019. (Amounts to be deducted should be indicated by a minus sign.) KOHLER CORPORATION Statement of Retained Earnings For Year Ended December 31, 2019 0 $ 0 Required 1 Required 2 Required 3 Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019. KOHLER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2019 0 Total contributed capital Total stockholders' equity