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 99.00 million common shares. $20 par per share. Retained Earnings ($ in millions) 100 Beginning balance 3.50 Retirement of 4.0 million common shares for $33.0 million 79 Net income for the year 33.25 Declaration and payment of a $2.35 per share cash dividend Declaration and distribution of a 4% stock dividend 31.60 118.65 Ending 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. Answer is complete but not entirely correct. 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 (i.e., 5,500,000 should be entered as 5.50).) Event General Journal Debit Credit No 1 1 8.00 Common stock Retained earnings Paid-in capital - excess of par Cash OOON 3.50 21.50 33.00 2 2 Net income 79.00 Retained earnings O 79.00 3 3 33.25 Retained earnings Cash ol 33.25 4 4 31.60 Retained earnings Common stock Paid-in capital - excess of par 000 8.00 X 23.60