Kohler Corporation reports the following components of stockholders' equity at December 31 of the prior year. Corson stock-\$20 par vitee, 100,000 aharen authorized, 45,000 ahares lasued and outatanding paid-in capital in excene of par value, conmon stock petained earnings sotal stockholdern' equity During the current year, the following transoctions affected its stockholders' equity accounts. Jhnuary a Furehased 6,000 sbares of tha own atoek at $15 caah per share, Tenukry s birectore declared a i6 per share eanh dividend payable on February 28 to the rebruary 5 stookhelders of Thbrasiy it feild the aividend deciarnd on January 5. July 6 gold 3,000 of its treanary ohares at 119 cash per ahare. Macunt 22 5old 3,000 of ith treasury nhares at 111 cash per ahare. nepteaber. 5 firectorn deelared a 56 per share eash dividend payable on october 28 to the septenber is atoekholders of recera, Cetaber 21 . poid the diviand declared on septenber 5 , pechiber it closed the t40t, 00e eredit balance (fron net ineose) in the Ineose sumary account to Metained Rarntngs. Pequired: 1. Propare journal entries to record each of these transactions: 2. Prepare it staternent of retained earnings for the current year ended December 31. 3. Prepare the sockholders' equity section of the balance sheet as of December 31 of the current yeac