Shown below in T-account format are the changes affecting the retained earnings of Brenner-Jude Corporation during 2018. A January 1, 2018, the corporation had outstanding 103.0 million common shares, $2.0 par per share. 74 Beginning balance Retirement of 3.0 million common 2.30 shares for $20.0 million 67 Net income for the year Declaration and payment of a $0.22 22.00 per share cash dividend Declaration and distribution of a 5 22.50 stock dividend 94.20 Ending balance Required: 1. Prepare the journal entries to record the transactions that affected Brenner-Jude's retained earnings during 2018 based on the information provided. 2. Prepare a statement of retained earnings for Brenner-Jude for the year ended 2018