Kohler Corporatlon reports the following components of stockholders' equlty at December 31 of the prior year. During the current year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 5 , 0e shares of its own stock at $20 cash per share. January 5 Directors declared a $2 per share cash dividend payable on february 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 Sold 2,50 of its treasury shares at $24 cash per share. August 22 Sold 2,5e0 of its treasury shares at $16 cash per share. September 5 directors declared a $2 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, ee credit balance (from net income) in the Income Summary account to Retained Earnings. Requlred: 1. Prepare journal entrles to record each of these transactions. 2. Prepare a statement of retalned earnings for the current year ended December 31 . 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. Prepare journal entries to record each of these transactions. Prepare a statement of retained earnings for the current year ended December 31 . Note: Amounts to be deducted should be indicated by a minus sign. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year