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Shown below in T-account format are the changes affecting the retained earnings of Brenner-Jude Corporation during 2024. On January 1, 2024, the corporation had outstanding

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Shown below in T-account format are the changes affecting the retained earnings of Brenner-Jude Corporation during 2024. On January 1, 2024, the corporation had outstanding 107 milion common shares, $1 par per share. Required: 1. From the information provided by the account changes, you should be able to recreate the transactions that affected BrennerJude's retained earnings during 2024. Prepare the joumat 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 2024 Note: if no entry is required for a transaction/event, select "No journal entry required" in the first account field, Enter your answers in milions (l.e., 10,000,000 should be entered as 10). Prepare a statement of retained earnings for Brenner-Jude for the year ended 2024. Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10 )

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