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 its own stock at $25 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 \$29 cash per share. August 22 sold 3,437 of its treasury shares at $22 cash per share. September 5 0irectors declared a $4 per share cash dividend payable on october 28 to the Septenber 25 stockholders of record. October 28 Paid the dividend declared on September 5 . December 31 Closed the $428,000 credit balance (from net income) in the Income Surmary 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 31,2020. 3. Prenare the stockholders' equity section of the company's balance sheet as of December 31, 2020