Kohler Corporation reports the following components of stockholders' equity on December 31, 2016 Common stock-$25 par value, 100,000 shares authorized, 55,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,375,0e00 80,000 430,000 $1,885,000 In year 2017, the following transactions affected its stockholders' equity accounts an. 1 Purchased 5,000 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 January5 July 6 Sold 1,875 of its treasury shares at $24 cash per share Aug. 22 Sold 3,125 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 $428,000 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 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2017 Complete this question by entering your answers in the tabs below Required Required 2Required 3 Prepare journal entries to record each of these transactions for 2017. Journal entry worksheet Record the purchase of 5,000 shares of its own common stock for $20 cash per share. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01 Record entry Clear entry View general journal Required 1 Required 2> Journal entry worksheet Record the declaration of a cash dividend of $6 per share. Note: Enter debits before credits. Date General Journal Debit Credit Jan 05 Record entry Clear entry View general journal Required 2 Required 1 Journal entry worksheet Record the payment of the cash dividend. Note: Enter debits before credits. Date General Journal Debit Credit Feb 28 Clear entry Record entry View general journal Required 2> Required 1 Journal entry worksheet Record the reissue of 1,875 shares of the treasury stock for $24 cash per share. Note: Enter debits before credits. Credit Date General Journal Debit Jul 06 Clear entry Record entry View general journal Required 1 Required 2 Journal entry worksheet Record the reissue of 3,125 shares of the treasury stock for $17 cash per share Note: Enter debits before credits Date General Journal Debit Credit Aug 22 Record entry Clear entry View general journal Required 1 Required 2> Journal entry worksheet Record the declaration of a cash dividend of $6 per share. Note: Enter debits before credits. Date General Journal Debit Credit Sep 05 Record entry Clear entry View general journal