Shown below in T-account format are the changes affecting the retained earnings of Brenner-Jude Corporation during 2021. At January 1, 2021, the corporation had outstanding 100.00 million common shares. $2.5 par per share. Retained Earnings ($ in millions) 94 Beginning balance 3.20 Retirement of 5.0 million common shares for $30.0 million 76 Net income for the year 29.45 Declaration and payment of a $0.31 per share cash dividend Declaration and distribution of a 3% stock dividend 28.13 1199.23 Ending balance Required: 1. Prepare the journal entries to record the transactions that affected Brenner-Jude's retained earnings during 2021 based on the Information provided. 2. Prepare a statement of retained earnings for Brenner-Jude for the year ended 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entries to record the transactions that affected Brenner Jude's retained earnings during 2021 based on the Information provided. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in millions rounded to 2 decimal places (l.e., 5,500,000 should be entered as 5.50).) View transaction list Journal entry worksheet 2 3 Record retirement of common shares. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet