Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. During 2019 , the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,500 shares of Its own stock at $20 cash per share. Jan. 5 Directors declared a $4 per share cash diyldend payable on February 28 to the february 5 stockholders of record. Feb. 28 paid the dividend declared on January 5 , July 6 sold 2, 663 of its treasury shares at $24 cash per share. Aug. 22 sold 3,437 of lts treasury shares at $17 cash per share. Sept. 5 Directors declared a $4 per share cash dfyIdend payable on october 28 to the Septeeber 25 stockholders of record. oct. 28 Paid the dividend declared on september 5 . Dec. 31 closed the $388,060 credit balance (from net incone) in the Incone 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, 2019 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019 Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of these transactions. Journal entry worksheet Record the purchase of 5,500 shares of its own common stock for $20 cash per share. Note: Enter debits before credits