Kohler Corporation reports the following components of stockholders' equity on December 31, 2017. In year 2018, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchaned 4,500 nharen of ita own atock at $25 cash per share. Jan. 5 Directore declared a $4 per ahare oash dividend payable on February 28 to the February 5 atockholdera of record. Tob. 28 Paid the dividend declared on January 5 . July 6 Sold 1,68 of ith treasury aharen at $29 cash per ahare. hug. 22 sold 2,812 of Ito treasury nharen at $22 canh per thare. Bept. 5 Directora deolared a $4 per share canh dividend payable on october 211 to the Septenber 25 atookholdera of record. oct. 28 Paid the dividend deolared an Aleptenber 5. Dee. 31 closed the 5428,000 eredit balanee (from net ineome) in the Ineome Bumary account to Retained Earningn. Required: 1. Prepare joumal 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. Prepare journal entries to record each of these transactions for 2018. Journal entry worksheet Record the purchase of 4,500 shares of its own common stock for $25 cash per share. Note: Enter debits before credits. Prepare a statement of retained earnings for the year ended December 31,2018 . (Amounts to be indicated by a minus sign.) 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. Prepare the stockholders' equity section of the company's balance sheet as of December 31,2018