Kohler Corporation reports the following components of stockholders' equity on January 1. Cominon stock-\$10 par value, 100,000 mhares authorized, 40,000 sharen insued and outstanding pald-in capital in excess of par value, conmon stock Retained earnings Total stockholder" equity \begin{tabular}{r} 5400,000 \\ 60,000 \\ 270,000 \\ \hline$730,000 \\ \hline \end{tabular} During the year, the following transactions affected its stockholders' equity accounts. Jahuary 2 purchaned 4,000 shares of its own n took at $20 eash per ahare. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 itockbolders of record. Tebruary 211 Daid the dividend declared on January 5 . July 6 told 2,000 of its treasury whares at $24 eash per whare. August 22 sold 2,000 of itin treasury ahares at $16 eash per share. teptember 5 Directors declared a 92 per share eanh dividend payable on getober 20 to the septenber 25 steckholderi of. reoord. oetober 28 Vald the dividend declaxed on septemer 5 . Decenber 91 closed the $388,000 eredit balance ( f rom net income) in the Incone fumary account to Retained Earninga. Answer is not complete. Prepare the Statement of Retained Earnings for Kohler Corporation for the year ended December 31. * Answer is not complete. During the year, the following transactions affected its stockholders' equity accounts. Prepare the necessary journal entries. If no journal entry is required, select "No joumal entry required" in the first input box. General Ledger Account For each transaction, indicate the impact on total stockholders' equity. Enter decreases to equity as negative values. Verify that total Stockholders' equity as of December 31, as calculated, agrees with the amount reported on the balance sheet. * Answer is not complete. Prepare the stockholders' equity section of Kohler Corporation's balance sheet as of December 31