porations Spring 2021 When the Kohler Corporation was formed the articles of incorporation requested authorization to issue 50,000 shares of $20 par common stock and 80,000 shares of $50 par, 5%, cumulative preferred stock. 1. Review the beginning trial balance tab on the Excel template and answer the questions shown on the Lab 3 Work tab. 2. Enter the following transactions on the General Journal tab of the Excel template (see note below before starting). If no entry is required be sure to select that description. Be sure to skip a line between entries: Jan 3 Jan 18 Jan 23 Purchased 1,600 shares of its own stock at $24 cash per share. Issued 5,200 shares of common stock at $25 per share. Directors declared a $0.95 per share cash dividend payable on Dashboard Calendar To Do Notifications: Inbox