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

Common stock$20 par value, 100,000 shares authorized, 55,000 shares issued and outstanding	$	1,100,000
Paid-in capital in excess of par value, common stock		70,000
Retained earnings		400,000
Total stockholders' equity	$	1,570,000

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

Jan.		1		Purchased 6,000 shares of its own stock at $20 cash per share.
Jan.		5		Directors declared a $6 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 2,250 of its treasury shares at $24 cash per share.
Aug.		22		Sold 3,750 of its treasury shares at $17 cash per share.
Sept.		5		Directors declared a $6 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 $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 a statement of retained earnings for the year ended December 31, 2017.

KOHLER CORPORATION
Statement of Retained Earnings
For Year Ended December 31, 2017
	0
	$0

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

KOHLER CORPORATION
Stockholders' Equity Section of the Balance Sheet
December 31, 2017
Total contributed capital	0
Total stockholders' equity	$0