Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$10 par value, 108,888 shares authorized, 58,880 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 580,888 , 430,888 $1,818,888 During 2019, the following transactions affected Its stockholders' equity accounts. Jan. 2 Purchased 5,800 shares of its own stock at $20 cash per share. Jan. 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of Feb. 28 Paid the dividend declared on January 5. July 6 Sold 1,875 of its treasury shares at $24 cash per share. Aug. 22 Sold 3,125 of its treasury shares at $17 cash per share. Sept. 5 Directors declared a $2 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 $388,000 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, 2019. 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019. Complete the question by entering your newer 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 2 3 4 5 6 7 8 > Record the purchase of 5,000 shares of its own common stock for $20 cash per share. Note: Enter debits before credits. Date General Journal Dabit Credit Jan 02 Record entry Clear entry View general Journal