Kohler Corporation reports the following components of stockholders' equity on December 31, 2017. Common stock-$15 par value, 180,800 shares authorized, 55,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity S 825,0ee 80,000 430,009 $1,335,0e9 In year 2018, the following transactions affected its stockholders' equity accounts an. 1 Purchased 4,500 shares of its own stock at $15 cash per share. 3an 5 Directors declared a s4 per share cash dividend payable on February 28 to the February 5 stockholders of record. Feb. 28 Paid the dividend declared on January 5. July 6 Sold 1,688 of its treasury shares at $19 cash per share. Aug. 22 Sold 2,812 of its treasury shares at $12 cash per share. Sept. 5 Director Oct. 28 Paid the dividend declared on September 5. Dec. 31 Closed the $488,000 credit balance (from net income) in the Income Summary account to Retained s declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record. Required: 1. Prepare journal entries to record each of these transactions for 2018 2. Prepare a statement of retained earnings for the year ended December 31, 2018 Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2018