Kohler Corporation reports the following components of stockholders' equity at December 31, 2018 Common stock-$20 par value, 100,000 shares authorized, 40,000 shares issued and outstanding $ 800,000 Paid-in capital in excess of par value, common stock 7 , Retained earnings 460,000 Total stockholders' equity $1,330,000 During 2019, the following transactions affected its stockholders equity accounts. Jan. 2 Purchased 5,500 shares of its own stock at $25 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable on February 28 to the February 5 stockholders of record. Feb. 28 Paid the dividend declared on January 5. July 6 Sold 2,063 of its treasury shares at $29 cash per share. Aug 22 Sold 3,437 of its treasury shares at $22 cash per share. Sept. 5 Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28 Paid the dividend declared on September 5. Dec. 31 Closed the $408,000 credit balance (from net income) in the Income Summary account to Retainec Earnings. Required: 1. Prepare lournal entries to record each of these transactions Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 Record the purchase of 5,500 shares of its own common stock for $25 cash per share. Note: Enter debits before credits Date General Journal Debit Credit Jan 02 Prev 33 Next Journal entry worksheet 1 2 3 4. 5 6 7 Record the declaration of a cash dividend of $4 per share. Note: Enter debits before credits. General Journal Debit Credit Date Jan 05