Kohler Corporation reports the following components of stockholders equity on December 31, 2015:

A.)

Prepare a statement of retained earnings for the year ended December 31, 2016.
B.)Prepare the stockholders' equity section of the companys balance sheet as of December 31, 2016.

Common stock$15 par value, 100,000 shares authorized, 50,000 shares issued and outstanding	$	750,000
Paid-in capital in excess of par value, common stock		60,000
Retained earnings		400,000
Total stockholders equity	$	1,210,000

In year 2016, the following transactions affected its stockholders equity accounts.
Jan.	1		Purchased 5,000 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 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.