Konier Corporation reports the following components of stockholders equity on December 31, 2016 stoch-510 per valu, 100,000 shares authorised 40.000 shares in and outstanding Paldis capital is of par value, stock tained in Total stockholm quity 400,000 60,000 270.000 730.000 Jan, In year 2017, the followthe transactions affected its stockholders' equity accounts 1 Purchased 6,000 shares of its stock at 120 cash per share Jan 5 Directors declared a 12 per share cash dividend payable on February 1% to the February 5 stockholders of Teb. 20 Paid the dividend declared on January 5. July Sold 1.500 of its treasury shares at $24 cash per share Aug 22 Sold 3.500 or its treasury shares at $17 cash per share. Sept. 5 Directors declared a 12 per share cash dividend payable on October 1 to the september stockholders of Det ? Paid the dividend declared on September 3. Dee. 31 Closed the $588,000 credit balance from net income in the theone Smary count to talne arning 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. Hequired Required 2 Required Prepare a statement of retained earnings for the year ended December 31, 2017. (Amounts to be deducted should be Indicated by a minus sign) KOHLER CORPORATION Sant of Patines Caming Far Year Ended December 31, 2017 $ 0