Kohler Corporation reports the following components of stockholders' equity at December 31, 2019. During 2020, the following transactions affected its stockholders' equity accounts. January 2 Purchased 5,500 ahares of ita own stock at $15 eash per share. January 5 Directorn declared a \$4 per ahare cash dividend payable on February 28 to the February 5 stoekholdern of record. February 28 Paid the dividend declared on January 5. July 6 sold 2,063 of its treasury shares at $19 eash per share. August 22 sold 3,437 of its treasury shares at $12 cash per share. September 5 Directora declared a \$4 per ahare cash dividend payable on oetober 28 to the September 25 atoekholders of record. October 28 Paid the dividend declared on September 5. December 31 closed the $428,000 eredit balance (from net income) in the Incone Surmary 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 company's balance sheet as of December 31, 2020