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 shares of it 5 own stock at 515 cash per share. January 5 Directors declared a $4 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 sold 2,063 of its treasury shares at $19 cash per share. August 22 Sold 3,437 of its treasury shares at $12 cash per share. Septenber 5 0irectors dectared a 54 per share cash dividend payable on october 28 to the Septenber 25 stockhotders of record. october 28 Paid the dividend declared on Sentember 5. December 31 Closed the $408,000 credit balance (from net incone) in the Income Sumary account to Retained Earnings. Required: 1. Prepare joumal 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. 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained eamings for the year ended December 31, 2020. 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31,2020. Complete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for the year ended December 31, 2020. Note: Amounts to be deducted should be indicated by a minus sign. Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2020