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Problem 11-2A (Algo) Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Kohler Corporation reports the following components of stockhoiders' equity

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Problem 11-2A (Algo) Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Kohler Corporation reports the following components of stockhoiders' equity at December 31, 2019 During 2020, the following transactions affected its stockholders' equity accounts. January 2 Purchased 4 , e0e shares of its 0mm stock at 125 cash per share. January 5 Directors dectared a $6 per share casb dividend payable on February 28 to the February 5 stockhotders of record. February 28 Patd the dividend dectared on January 5. Joly 6 sold 1,5 see of its treasury shares at 329 cash per share. August 22 Sold 2 , 5 e of its treasury shares at $22 cash per share. Septester 5 Directors dectared a 36 per share cash dividend payable on October 28 to the Septenber 25 stockholders of record. october 23 Paid the dividend declared on Septesber 5. Deceeber 31 Closed the $388, see credit balance (fron net incone) in the incone Suesary account to Retained Eamings. Required 2> Complete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for the year ended December 31,2020. Note: Amounts to be deducted should be indicated by a minus sign. Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section of the company's balance sheet as of December 31,2020

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