Kohler Corporation reports the following components of stockholders' equity at December 31, 2019. Common stock-$25 par value, 189,880 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders equity $1,250,000 60, een 400,000 $1,71e, 2e During 2020. the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 6,000 shares of its own stock at $2e cash per share. Jan. 5 Directors declared a $6 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 2,250 of its treasury shares at $24 cash per share. Aug 22 Sold 3,758 of its treasury shares at $17 cash per share. Sept. 5 Directors declared a $6 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 $388,888 credit balance (from net income) in the Income Summary 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. 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. Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions. View transaction list Journal entry worksheet Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions. View transaction list Journal entry worksheet 2 3 4 5 6 7 8 Record the purchase of 6,000 shares of its own common stock for $20 cash per share, Note: Entur debits before credits Date General Journal Debit Credit Jan 02 Record entry Clear entry View general jouma Required 2 > Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statemeht 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a statement of retained earnings for the year ended December 31, 2020. (Amounts to be deductes indicated by a minus sign.) KOHLER CORPORATION Statement of Retained Earnings For Year Ended December 31, 2020 5 Required 1 Required 3 > Jan. 2 Purchased 6,800 shares of its own stock at $28 cash per share. Jan. 5 Directors declared a $6 per share cash dividend payable on February 28 to the February 5 stockholo Feb. 28 Paid the dividend declared on January 5. July 6 Sold 2,25e of its treasury shares at $24 cash per share. Aug 22 Sold 3,758 of its treasury shares at $17 cash per share. Sept. 5 Directors declared a $6 per share cash dividend payable on October 28 to the September 25 stockhol Oct. 28 Paid the dividend declared on September 5. Dec. 31 Closed the $388,888 credit balance (from net income) in the Income Summary account to Retained Earu 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 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. Required 1 Required 2 Required 3 Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2020. KOHLER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2020 Total contributed capital Total stockholders equity Required 2 Kohler Corporation reports the following components of stockholders' equity at December 31, 2019 Common Stock-$25 par value, 100,000 shares authorized, 50,00 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,250,000 60,000 400,00 $1,210, eee During 2020, the following transactions affected its stockholders' equity accounts Jan Jan. Fab July Aug Sept. Oct. Dec. 2 Purchased 6,00 shares of its own stock at 520 cash per share 5 Directors declared a $6 per share cash dividend payable on February 28 to the February 5 stockholders of record 28 Paid the dividend declared on January 5. 6 Sold 2.258 of its treasury shares at $24 cash per share. 22 Sold 2,758 of its treasury shares at $17 cash per share 5 Directors declared a $6 per share cash dividend payable on October 28 to the septaber 25 stockholders of record 28 Paid the dividend declared on September 5. 31 Closed the $388.000 credit balance (from net income in the Income Sunsary account to Retained tarnings 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 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