Kohler Corporation reports the following components of stockholders' equity on December 31, 2015 Common stock-$10 par value, 100,000 shares authorized, 40,000 shares $ 400,000 60,000 270,000 $ 730,000 issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity In year 2016, the following transactions affected its stockholders' equity accounts Jan. 1 Purchased 4,000 shares of its own stock at $20 cash per share Jan. 5 Directors declared a $2 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record Feb. 28 Paid the dividend declared on January5 Jul. 6 Sold 1,500 of its treasury shares at $24 cash per share Aug. 22 Sold 2,500 of its treasury shares at $17 cash per share Sep. 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record Oct. 28 Pa the dividend declared on September5 Dec. 31 Closed the $388,000 credit balance (from net income) in the Income Summary account to Retained Earnings General Journal General Ledger Statement of Stockholders Impact orn Equity Requirement Trial Balance RE Equity Prepare the Statement of Retained Earnings for Kohler Corporation for the year ended December 31, 2016 KOHLER CORPORATION Statement of Retained Earnings For Year Ended December 31, 2016