Kohler Corporation reports the following components of stockholders' equity on December 31, 2016:

Common stock?$15 par value, 100,000 shares authorized,

45,000 shares issued and outstanding$675,000Paid-in capital in excess of par value, common stock80,000Retained earnings370,000Total stockholders' equity$1,125,000

In year 2017, the following transactions affected its stockholders' equity accounts.

Jan.1Purchased 4,500 shares of its own stock at $25 cash per share.Jan.5Directors declared a $4 per share cash dividend payable on February 28 to the February 5 stockholders of record.Feb.28Paid the dividend declared on January 5.July6Sold 1,688 of its treasury shares at $29 cash per share.Aug.22Sold 2,812 of its treasury shares at $22 cash per share.Sept.5Directors declared a $4 per share cash dividend payable on October 28 to the September 25 stockholders of record.Oct.28Paid the dividend declared on September 5.Dec.31Closed the $408,000 credit balance (from net income) in the Income Summary account to Retained Earnings.

Required:

1.Prepare journal entries to record each of these transactions for 2017.

2.Prepare statement of retained earnings for the year ended December 31, 2017.

3.Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2017.

Required: 1. Prepare journal entries to record each of these transactions for 2011 2. Prepare a statement of retained earnings for the year ended December 31. 2017. 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2011 Complete this question by entering your answers In the tabs below. Prepare journal entries to record each of these transactions for 201?. View transaction list Journal entry worksheet Record the declaration of a cash dividend of $4 per share. Note: Enter debits before credits. --