Problem 11-2A (Algo) Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Kohler Corporation reports the following components of stockholders' equity at December 31 of the prior year. Jahuary 2 Purchased 6, eee shares of lts own stock at 320 cash per share. January 5 Directors declared a $4 pen share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5 . Luly 6 sold 3,000 of its treasury shares at 324 cash per share. August 22 sold 3 , e0e of its treasury sharea at $24 cash per share. September 5 Directors declared a 54 per ares cash dividend payable on october 28 to the 5eptember 25 stockholders of record. October 25 Paid the dividend declared on Septeeber 5 . Required: 1. Prepare journal entries to record each of these transactons 2. Prepare a statement of retained earnings for the current year onded December 31. 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. Complete this question by entering your answers in the tabs below. Prepare joumal entries to record each of these transactions. (1) You skipped this question in the previous attempt. Journal entry worksheet 45678 Record the purchase of 6,000 shares of its own common stock for $20 cash per share. Fotet: Enter deterts batore credits. (1) You skipped this question in the previous attempt. Journal entry worksheet Nate: Enter debilts before credits. Journal entry worksheet