accounting

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 106 million 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 retaine, earnings during 2024. Prepare the journal entries that Brenner-Jude must have recorded during the year for these transactions. (Alint: 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. Complete this question by entering your answers in the tabs below. Journal entry worksheet 4 Record the retirement of common shares. Note: Enter debits before credits. Prepare a statement of retained earnings for Brenner-Jude for the year en Note: Enter your answers in millions (i.e., 10,000,000 should be entered a