Kohler Corporation reports the following components of stockholders equity at December 31, 2019 Common stock$25 par value, 100,000 shares authorized, 45,000 shares issued and outstanding $ 1,125,000 Paid in capital in excess of par value, common stock 70,000 Retained earnings 370,000 Total stockholders' equity $ 1,565,000 During 2020, the following transactions affected its stockholders equity accounts Jan 2 Purchased 5,000 shares of its own stock at $20 cash per share Record the purchase of 5,000 shares of its own common stock for $20 cash per share Jan 5 Directors declared a $4 per share cash dividend payable on February 28 to the February 5 stockholders of record Record the declaration of a cash dividend of $4 per share Feb 28 Paid the dividend declared on January 5 Record the payment of the cash dividend July 6 Sold 1,875 of its treasury shares at $24 cash per share Record the reissue of 1,875 shares of the treasury stock for $24 cash per share Aug 22 Sold 3,125 of its treasury shares at $17 cash per share Record the reissue of 3,125 shares of the treasury stock for $17 cash per share Sept 5 Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record Record the declaration of a cash dividend of $4 per share Oct 28 Paid the dividend declared on September 5 Record the payment of the cash dividend Dec 31 Closed the $368,000 credit balance (from net income) in the Income Summary account to Retained Earnings Record the entry to close the $368,000 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, 2020 3 Prepare the stockholders equity section of the companys balance sheet as of December 31, 2020 Required 1 Required 2 Required 3 Prepare a statement of retained earnings for the year ende indicated by a minus sign ) KOHLER CORPORATION Statement of Retained Earnings For Year Ended December 31, 2020 0 $ 0 Required 1 Required 1 Required 2 Required 3 Prepare the stockholders' equity section of the company's balance sheet as KOHLER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2020 Total contributed capital O Total stockholders' equity S 0

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Kohler Corporation reports the following components of stockholders equity at December 31, 2019. Common stock$25 par value, 100,000 shares authorized, 45,000 shares issued and outstanding

Kohler Corporation reports the following components of stockholders equity at December 31, 2019.


Common stock$25 par value, 100,000 shares authorized, 45,000 shares issued and outstanding	$	1,125,000
Paid-in capital in excess of par value, common stock		70,000
Retained earnings		370,000
Total stockholders' equity	$	1,565,000

During 2020, the following transactions affected its stockholders equity accounts.

Jan.	2	Purchased 5,000 shares of its own stock at $20 cash per share. Record the purchase of 5,000 shares of its own common stock for $20 cash per share.
Jan.	5	Directors declared a $4 per share cash dividend payable on February 28 to the February 5 stockholders of record. Record the declaration of a cash dividend of $4 per share.
Feb.	28	Paid the dividend declared on January 5. Record the payment of the cash dividend.
July	6	Sold 1,875 of its treasury shares at $24 cash per share. Record the reissue of 1,875 shares of the treasury stock for $24 cash per share.
Aug.	22	Sold 3,125 of its treasury shares at $17 cash per share. Record the reissue of 3,125 shares of the treasury stock for $17 cash per share.
Sept.	5	Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record. Record the declaration of a cash dividend of $4 per share.
Oct.	28	Paid the dividend declared on September 5. Record the payment of the cash dividend.
Dec.	31	Closed the $368,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Record the entry to close the $368,000 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, 2020. 3. Prepare the stockholders equity section of the companys balance sheet as of December 31, 2020.

Required 1 Required 2 Required 3 Prepare a statement of retained earnings for the year ende indicated by a minus sign.) KOHLER CORPORATION Statement of Retained Earnings For Year Ended December 31, 2020 0 $ 0 Required 1 Required 1 Required 2 Required 3 Prepare the stockholders' equity section of the company's balance sheet as KOHLER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2020 Total contributed capital O Total stockholders' equity S 0