Kohler Corporation reports the following components of

stockholders$$ equity at December $31$ of the$$prior

year.

$$$ $400,000$Retained earningsTotal stockholders' equity$270,000$$ $730,000$During the current year, the following transactions affected its

stockholders$$ equity accounts.

$$Required:

$1.$Prepare journal 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.

$$