Problem 13-2A Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, Kohler Corporation reports the following components of stockholders' equity on December 31, 2016 Common stock-$20 par value, 180,000 shares authorized, 45,800 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings 988,800 76,880 460,0060 $1,438,000 Total stockholders equity In year 2017, the following transactions affected its stockholders' equity accounts. an. 1 Purchased 4, 500 shares of its own stock at $20 cash per share. an. 5 Directors declared a 56 per share cash dividend payable on February 28 to the February 5 stockholders of record. Feb. 28 Paid the dividend declared on January 5 uly 6Sold 1,688 of its treasury shares at $24 cash per share. Aug. 22 Sold 2,812 of its treasury shares at $17 cash per share Sept. 5Directors declared a $6 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28 Paid the dividend declared on September 5 Dec. 31 Closed the $368,800 credit balance (fron net income) in the Income Summary account to Retained Earnings Required: 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 e this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions for 2017. View transaction list Journal entry worksheet 6 Record the purchase of 4,500 shares of its own common stock for $20 cash per share. 8 Record the purchase of 4,500 shares of its own common stock for $20 cash per share. Note: Enter debits before credits. General Journal Debit Credit Date Jan 01 Record entry Clear entry View general journal Required 2>