Retained Earnings (5 in millions) 105 Retirement of 10 million common: shares for $34 million 3 89 Declaration and payment of a $0.37 per share cash dividend 37 Declaration and distribution of a 37 51 stock dividend 117 Required: Beginning balance Net incone for the year Ending balance 1. From the information provided by the account changes, you should be able to recreate the transactions that affected Brenner-Jude's. retained earnings during 2021. Prepare the journal entries that Brenner-Jude must have recorded during the year for these transactions. (Hint: In lieu of revenues and expenses, use an account titled "Income summary" to close net income or net loss) 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 From the information provided by the account changes, you should be able to recreate the transactions that affected Brenner-Jude's retained earnings during 2021. Prepare the journal entries that Brenner-Jude must have recorded during the year for these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (Le, 10,000,000 should be entered as 10).) Show less & View transaction list View journal entry worksheet < Prev 2 of 10 Next > Check m