Question: please include the journal entries :) Complete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for the

please include the journal entries :)  please include the journal entries :) Complete this question by entering
your answers in the tabs below. Prepare a statement of retained earnings
for the current year ended December 31 . Note: Amounts to be

Complete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for the current year ended December 31 . Note: Amounts to be deducted should be indicated by a minus sign. Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. Problem 11-2A (Algo) Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Kohler Corporation reports the following components of stockholders' equity at December 31 of the prior year. During the current year, the following transactions affected its stockholders' equity accounts. January 2 Purehased 6,000 ahares of itn own otock at $20 eash per share. January 5 Directors declared a $4 per shere canh dividend payable on February 28 to tbe February 5 atockholdera of record. February 28 Paid the dividend dectared on Januscy 5. Jaly 6 Sold 3,000 of itn. treasury nhares at $24 eash per share. Augunt 22 sold 3,000 of its treasury shares at $16 cash per share. September 5 birectorn declared a $4 per nhare cash dividend payable on october 28 to the Soptember 25 atockholders of record. October 27 Paid the dividend declared on September 5 . December, 31 "Closed the $428,000 eredit balance (fron net income) in the Incone Sumnary account to Retained Earningi. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the current year ended December 31. 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year

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