Kohler Corporation reports the following components of stockholders' equity on December 31, 2017 Common stock-$20 par value, 100,000 shares authorized 55,800 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders equity $1,100,eee 70,000 370,000 $1,540,000 In year 2018, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 4.500 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a 54 per share cash dividend payable on February 2s 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 2,312 of its treasury shares at $12 cash per share. Sept 5 Directors declared a $4 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 $400,een credit balance (froe net income) In the Income Summary account to Retained Earnings 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 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2018 Complete this question by entering your answers in the tabs below. Required t Required 2 Required a Prepare journal entries to record each of these transactions for 2018 View transaction list Kohler Corporation reports the following components of stockholders' equity on December 31, 2017 Common stock-$28 par valve, 180,000 shares authorized, 55,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,100,000 70,000 370,000 $1.540,000 In year 2018, the following transactions affected its stockholders' equity accounts Jan 1 Purchased 4. See shares of its own stock at $55 cash per share. San S Directors declared a 54 per share cash dividend payable on February 28 to the February 5 stockholders of record. Feb. 25 Paid the dividend declared on January S. July 6 Sold 1.035 of its treasury shares at $19 cash per share. Aug 22 Sold 2.012 of its treasury shares at $12 cash per share Sept. 5 Directors declared 4 per share cash dividend payable on October 28 to the September 25 stockholders of record Oct 25 Dald the dividend declared on September 5. Doc 33 closed the sea, credit balance (from net income) in the Income Sunary account to Retained Earnings Required: 1. Prepote journal entries to record each of these transactions for 2018 2. Prepare a statement of retained earnings for the year ended December 31, 2018 3. Prepare the stockholders equity section of the company's balance sheet as of December 31, 2018 Complete this question by entering your answers in the tabs below. Segre Required Hequired Prepare yournaleries to record each of these transactions for 2018