Kohler Corporation reports the following components of stockholders' equity at December 31 of the prior year. $ 400,000 Cannon stock-$10 par value, 100,000 shares authorised, 40,000 shares Lesund and outstanding 60.000 Paid-in capital in excess of par value, common stock Retained earnings 270.000 $ 730,000 Total stockholders' equity During the current year, the following transactions affected its stockholders' equity accounts. January ? Purchased 4,000 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 Bold 2,000 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 Directora declared $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 28 Paid the dividend declared on September 5. December 31 Closed the $388,000 credit balance (from net inconn) 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 current year ended December 31 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries to record each of these transacions. View transaction list Journal entry worksheet Record the purchase of 4,000 shares of its own common stock for $20 cash per share. Note: Enter debits before credits. Dato General Journal Debit Credit January 02 Record entry Clear entry View general Journal Required 1 Required 2 Required 3 Prepare a statement of retained earnings for the current year ended Dec indicated by a minus sign.) KOHLER CORPORATION Statement of Retained Eamings For Current Year Ended December 31 $ Required 1 Required 2 Required 3 Prepare the stockholders' equity section of the balance sheet as of Dec KOHLER CORPORATION Stockholders Equity Section of the Balance Sheet December 31 Total contributed capital Total stockholders' equity $ TA 0 Required 2