prepare a statement of retained earnings for the year ended December 31, 2017 parentheses amounts to be deducted should be indicated by a minus sign.

Saved Common stock-$20 par value, 189,890 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,800,000 70,000 400,000 $1,478,899 In year 2017, the following transactions affected its stockholders' equity accounts. Jan Jan. Feb July Aug Sept. Oct Dec. 1 Purchased 6,080 shares of its own stock at $15 cash per share. 5 Directors declared a $6 per share cash dividend payable on February 28 to the February 5 stockholders of record. 28 Paid the dividend declared on January 5. 6 Sold 2,25% of its treasury shares at $19 cash per share. 22 Sold 3,750 of its treasury shares at $12 cash per share. 5 Directors declared a $6 per share cash dividend payable on October 28 to the September 25 stockholders of record. 28 Paid the dividend declared on September 5. 31 Closed the $498,000 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 2 Required 3 Prey 2 of 8 Next > Complete this question by entering your answers in the tabs bel 12.5 points Required 1 Required 2 Required 3 8 02:53:03 Prepare a statement of retained earnings for the year ended December indicated by a minus sign.) eBook Print KOHLER CORPORATION Statement of Retained Eamings For Year Ended December 31, 2017 0 S 0