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 107 million common shares, $1 par per share. Retained Earnings in millions) Beginning balance Retirement of 7 million common shares for SU Billion Net income for the year Declaration and payment of a 50.35 per share cash dividend Declaration and distribution of a 6% stock dividend 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 1 Required 2 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. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in millions (.e. 10,000,000 should be entered as 10).) Show less Required 1 Required 2 From the information provided by the account changes you should be able to recreate earnings during 2018. Prepare the journal entries that Forge must have recorded durin required for a transaction/event, select "No journal entry required" in the first account 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet Required 1 Required 2 From the information provided by the account changes you should be able to recreat earnings during 2018. Prepare the journal entries that Forge must have recorded dur required for a transaction/event, select "No journal entry required" in the first accoun 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet Requieu Requcu 2 From the information provided by the account changes you should be able to recreate earnings during 2018. Prepare the journal entries that Forge must have recorded duri required for a transaction/event, select "No journal entry required" in the first account 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet