7 Shown below in T-account format are the changes affecting the retained earnings of Forge Corporation during 2018. At January 1, 2018, the corporation had outstanding 106 million common shares. $1 par per share 9.09 points Beginning bal Ret i renent of 6 aill Ion cosson shares for $20 sill1 on 80 Net incone for the year Declaration and paysent of a 34 0.34 per share cash dividend Declaration and dist ribut i on of a 112 Endina bal ance Required: 1. From the information provided by the account changes you should be able to recreate the transactions that affected Forge's retained earnings during 2018. Prepare the journal entries that Forge must have recorded 2. Prepare a statement of retained earnings for Forge for the year ended 2018 Print durning the year for these transactions. References 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 Forge's retained earnings during 2018. Prepare the journal entries that Forge must have recorded during the year for these transactions. (If no entry is required for a your answers in millions (Le., 10,000,000 should be entered as 10).) select "No journal entry required in the first account field. Enter Show lesSA View transaction list Journal entry worksheet Record the retirement of common shares. Note: Enter debits before credits General