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 109 million common shares. $1 par per share. Retained Earnings (5 in millions) 104 Retirement of 9 million common 2 shares for $33 million 88 Declaration and payment of a $0.36 per share cash dividend) 36 Declaration and distribution of a 35 4 stock dividend 119 Beginning balance Net income for the year Ending balance Required: 1. From the information provided by the account changes, you should be able to recreate the transactions that affected Brenner-Jude's retained earnings during 2021. Prepare the journal entries that Brenner-Jude must have recorded during the year for these transactions. (Hint: In lieu of revenues and expenses, use an account titled "Income summary" to close net income or net loss.) 2. Prepare a statement of retained earnings for Brenner-Jude for the year ended 2021