Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$20 par value, 180,000 shares authorized 55,000 shares issued and outstanding Paid in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,100,000 se, eee 438.000 $1,610, During 2019, the following transactions affected its stockholders' equity accounts. ce Jan 2. Purchased 4.000 shares of its own stock at $20 cash per share Jan 5 Directors declared a $6 per share cath dividend payable on February 28 to the February 5 stockholders of record Feb 28 Paid the dividend declared on January 5. July 6 Sold 1.5 of its treasury shares at 524 cash per share Aug 22 Sold 2,5 of its treasury sharest 317 cash per share Sept Director's declared as per share cash dividend payable on October 2 to the September stockholders of record Oct 2 Paid the dividend declared on September Dec 1 closed the $168,000 credit balance (froe net income) in the Income Summary account to retained canning Required: 1. Prepare journal entries to record each of these transactions 2. Prepare a statement of retained earnings for the year ended December 31, 2019 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019