Kohler Corporation reports the following components of stockholders' equity at December 31 of the prior year During the current year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 4,808 shares of its own stock at $20 cash per share. January 5 Directors dectared 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 2 , 00e of its treasury shares at $24 cash per share: August 22 Sold 2,000 of its treasury shares at $16 cash per share. September 5 Directors declared a $2 per share cash dividend payable on october 28 to the Septenber 25 stockholders of record. October 28 Paid the dividend declared on Septenber 5. Deceaber 31 Closed the $388,000 credit balance (fron net inconel in the Incone Sumary account to Retained Earnings. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare o statement of retained earnings for the current year ended December 31 . 3. Prepare the stockholders' equity section of the balance sheet as of December 3t of the current year. Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of these transactions: Journal entry worksheet 2345678 Record the purchase of 4,000 shares of its own common stock for $20 cash per share