Kohler Corporation reports the following components of stockholders equity at December of the prior year.

Common stock$ par value, shares authorized, shares issued and outstanding $

Paidin capital in excess of par value, common stock

Retained earnings

Total stockholders\' equity $

During the current year, the following transactions affected its stockholders equity accounts.

January Purchased shares of its own stock at $ cash per share.

January Directors declared a $ per share cash dividend payable on February to the February stockholders of record.

February Paid the dividend declared on January

July Sold of its treasury shares at $ cash per share.

August Sold of its treasury shares at $ cash per share.

September Directors declared a $ per share cash dividend payable on October to the September stockholders of record.

October Paid the dividend declared on September

December Closed the $ credit balance from net income in the Income Summary account to Retained Earnings.

Required:

Prepare journal entries to record each of these transactions.

Prepare a statement of retained earnings for the current year ended December

Prepare the stockholders equity section of the balance sheet as of December of the current year.