Required 1 1. Record retirement of common shares. 2. Record closing entry of net income to retained earnings 3. Record declaration and payment of a $0.19 per share cash dividend 4. Record declaration of stock dividend

Shown below in Taccount format are the changes affecting the retained earnings of Brenner Jude Corporation during 2021 AL January 1, 2021, the corporation had outstanding 8500 million common shares $2.5 par per share Retained Earnings (5 in millions) 34 Beginning bala Retirement of 5.0 million common Shares for 5:26. lion 72 pt income for the year Declaration and payment of $0.19 per share cash dividend Declaration and distribution of stock dividend 111.ee Endine balance Required: 1. Prepare the journal entries to record the transactions that affected Brenner Jude's retained earnings during 2021 based on the information provided 2. Prepare a statement of retained earnings for Brenner Jude for the year ended 2021 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entries to record the transactions that affected Brenner Jude's retained earnings during 2021 based on the information provided. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in millions rounded to 2 decimal places (ie., 5.500.000 should be entered as 5.50).) View transaction list Journal entry worksheet