Kohler Corporation reports the following components of stocknolders equty at Becember 31. 2019. During 2020. the following transactions affected its stockholders equity accounts. January 2 Purchased 4,500 shares of its own stock at $20 cash per shane. January 5 Dinectors declared a $4 per share cash dividend payable on february 28 . the february 5 stockholders af recond. february 28 Paid the dividend declared on January 5. July 6 Sold 1,688 of its treasury shares at $24 cash per share. August 22 sold 2,812 of its treasury shares at \$17 cash per shara September 5 Directors declared a \$4 per share cash dividend payable on october 28 to the september 25 stockholders af record. gctober 28 paid the dividend declared on September 5. December 31 closed the $368,090 credit balance (from net income) in the lncame sumany account to Retained Earnings. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the year ended December 31,2020 . 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2020 . Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of these transactions. Journal entry worksheet Record the purchase of 4,500 shares of its own common stock for $20 cash pershare. Kohler Corporation reports the following components of stockholders equity at December 31.2019. During 2020. the following transactions affected its stockiolders equity accounts. Januany 2 Purchased 4,56e shares of its own stock at $20 cash per share. january 5 birectors declared a $4 per share cash dividend payable on febnuary 28 to the february 5 stockhoiders of recond. February 28 Paid the dividend declared on 3 anuary 5. Ju1y 6 sold 1,688 of its treasury shares at $24 cash per share. August 22 sold 2,812 of its treasury shares at $17 cash pen share. September 5 Directors declared a $4 per share cash dividend payable on october 28 to the september 25 stockholders of record. october 28 Paid the dividend declared on september 5. December 31 closed the $368,000 credit balance (from net income) in the Income summany account to Retained Earnings. Required: 1. Prepare joumal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the year ended December 31,2020 . 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31,2020. Complete this question by entering your answers in tho tabs below. Prepare a statement of retained earnings for the year ended December 31,2020. Note: Amounts to be deducted should be indicated by a minus sign. Kohler Corporation reports the following components of stockhoiders equity at December 31,2019. Puring 2020, the following transactions affected its stockholders equity accounts. Danuary 2 Purchased 4,500 shares of its own stock at $20 cash per share. January 5 birectors declaned a $4 per share cash dividend payabie on february 28 to the febryary 5 stackholders of record. february 28 Paid the dividend declared on January 5 . Ju2y 6. Sold 1, 888 of its treasuny shares at $24 cash per share. August 22 sold 2,812 of its treasury shares at $17 cash per share. September 5 pirectors declared a $4 per share cash dividend payable on october 25 to the september 25 stockholders of record. gctober 28 paid the dividend declared on september 5. Decerber 31 closed the $368,600 credit balance (from net income) in the Income sumary account to Retained barnings. Required: 1. Prepare joumal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the year ended December 31,2020 . 3. Prepare the stockholders' equity section of the company's balance sneet as of December 31,2020. 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 31,2020