Problem 11-2A (Static) 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. During the current year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 4,000 shares of its own stoek at $20 eash per share. record. February 28 pald the dividend deelared on January 5. 341y sold 2,000 of its treasury shares at 524 cash per whare. Muguse 22 sold 2,000 of its treasury shares at $16 eash per share. record. october 28. Paid the dividend deelared on september 5 . Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the current year ended December 31 . 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year