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 4,000 shares of its ow stock at $20 cash per share. January 5 Directors declared a $2 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 1,500 of its treasury shares at $24 cash per share. August 22 Sold 2,500 of its treasury shares at $17 cash per share. September 5 Directors declared a $2 per share cash dividend payable on 0ctober 28 to the Septenber 25 stockholders of record. October 28 Paid the dividend declared on Septenber 5 . Decenber 32 Closed the $388, 00e credit batance (from net incone) in the Income Sumnary occount 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 stockhoiders' 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 journal entries to record each of these transactions