Shown below in T-account format are the changes affecting the retained earnings of Forge Corporation during 2018. At January 1, 2018, the corporation had outstanding 105 million common shares, $1 par per share Retained Earnings (S in millions 100 Beginning balance Retirement of 5 million common shares for $29 million 84 Net income for the year Declaration and payment of a 32 $0.32 per share cash dividend Declaration and distribution of a 28 68 stock dividend 121 Ending balance Required 1. From the information provided by the account changes you should be able to recreate the transactions that affected Forge's retained earnings during 2018. Prepare the journal entries that Forge must have recorded during the year for these transactions 2. Prepare a statement of retained earnings for Forge for the year ended 2018 Complete this question by entering your answers in the tabs below Required 1Required 2 From the information provided by the account changes you should be able to recreate the transactions that affected retained earnings during 2018. Prepare the journal entries that Forge must have recorded during the year for these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first accountf your answers in millions (i.e., 10,000,000 should be entered as 10).) Sho View transaction list Journal entry worksheet 2 4 Record the retirement of common shares Note: Enter debits before credits Event General Journal Debit Credit Record entry Clear entry View general journal