The statement of retained earings of Gary Larson Publishers is presented below. GARY LARSON PUBLISHERS Statement of Retained Earnings For the Year Ended December 31, 2021 ($ in millions) Retained earnings, January 1 Add Net income Deduct: Cash dividend Stock dividend (1 million shares of $1 par common stock) Property dividend (Garfield Company preferred stock held as a short-term investment) Sale of treasury stock (cost $60 million) Retained earnings, December 31 $289 55 (30) (26) (21) (10) $248 Required: For the transactions that affected Larson's retained earnings, reconstruct the journal entries that to be reported in a statement of cash flows. (If no entry is required for a transaction/event, sele first account field. Enter your answers in millions (l.e., 10,000,000 should be entered as 10).) View transaction ist View journal entry worksheet X Debit Record the closing entry of net income to retained earnings Record the payment of the cash dividend, Record the issuance of the stock dividend. Record the issuance of the property dividendi Record the sale of treasury shares