The following information applies to the questions displayed below. Kohler Corporation reports the following components of stockholders' equity on December 31, 2015 Common stock-$10 par value, 100,000 shares authorized 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity s 600000 In year 2016, the following transactions affected its stockholders' equity accounts. Jen Purchased 5,500 shares of its own stock at $20 cash per share. Jen Directors declared a $6 per share cash dividend payable on Feb. 28 to the Feb. 5 stockholders of record. Feb. 28 Paid the dividend declared on January 5. Sold 2,063 of its treasury shares at $24 cash per share. Aug22 Sold 3,437 of its treasury shares at $17 cash per share. Sept. 5 Directors declared a $6 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oet Paid the dividend declared on September 5 De Closed the $428,000 credit balance (from net income) in the Income Summary account to Retained Earnings. 1. 10.00 points Required: 1. Prepare journal entries to record each of these transactions for 2016. Journal entry worksheet Record the purchase of 5,500 shares of its own common stock for $20 cash per share Note: Enter