Shown below In T-account format are the changes affecting the retained earnings of Brenner-Jude Corporation during 2021. At January 1, 2021, the corporation had outstanding 109 million common shares, $1 par per share Retained terninge (in millione) 94 2 Retirement of 9 million coenon bares for $23 million Beginning balance Net Income for the year 37 Declaration and payment of a 30.37 per share cash dividend Declaration and distribution of a 68 stock dividend 28 110 Ending balance Required: 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 lit Journal entry worksheet 2 3 4 > Record the retirement of common shares Noce? Enter des before bedt Event General Journal Debit Credit Record amry Cleantry View gan jurnal Journal entry worksheet Record the closing entry for net income. Note: Enter debits before credits Event General Journal Debit Credit 2 Record entry Clear entry View general Journal Required 2 > Journal entry worksheet 2 3 4 Record the declaration and payment of a cash dividend. Note: Enter debits before credits General Journal Event 3 Debit Credit Record entry Clear entry View general Journal Journal entry worksheet