Shown below in T$-$account format are the changes affecting the retained earnings of Brenner$-$Jude Corporation during $2024.$ At $\backslash$table$[[$BRENNER$-$JUDE CORPORATION$],[$Statement of Retained Earnings,$],[($$ in millions$),],[$Balance at January $1,],[$Net income for the year,$],[$Deductions:$,],[,],[,$$$],[,0\mathrm{.}00],[,],[,],[,]]$ Shown below in T$-$account format are the changes affecting the retained earnings of Brenner$-$Jude Corporation during $2024.$ At

January $1,2024,$ the corporation had outstanding $102\mathrm{.}50$ million common shares, $$1\mathrm{.}0$ par per share.

Prepare the journal entries to record the transactions that affected Brenner$-$Jude's retained earnings during $2024$ based on the

information provided.

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.

January $1,2024,$ the corporation had outstanding $102\mathrm{.}50$ million common shares, $$1\mathrm{.}0$ par per share.$\backslash$table$[[$BRENNER$-$JUDE CORPORATION$],[$Statement of Retained Earnings,$],[($$ in millions$),],[$Balance at January $1,],[$Net income for the year,$],[$Deductions:$,],[,],[,$$$],[,0\mathrm{.}00],[,],[,],[,]]$View transaction list

Record retirement of common shares.

Record closing entry of net income to retained earnings

Record declaration and payment of a $$0\mathrm{.}21$ per share

cash dividend.

Record declaration and distribution of a $3\%$ stock

dividend

Note :

$=$ journal entry has been entered

Prepare the journal entries to record the transactions that affected Brenner$-$Jude's retained earnings during $2024$ based on the

information provided.

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.