Shown below in T-account format are the changes affecting the retained earnings of Brenner-Jude Corporation during 2018. At January 1, 2018, the corporation had outstanding 85.0 million common shares, $2.5 par per share. Retained Earnings ($ in millions) 84 Beginning balance 2.80 Retirement of 5.0 million common shares for $26.0 million 72 Net income for the year 15.20 Declaration and payment of a $0.19 per share cash dividend Declaration and distribution of a 5% stock dividend 27.00 |111.00 Ending balance Prepare the journal entries to record the transactions that affected Brenner-Jude's retained earnings during 2018 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 (i.e., 5,500,000 should be entered as 5.50).) No Event Credit 11 General Journal Common stock Paid-in capitalexcess of par Retained earnings Cash Debit 5.00 18.20 2.80 26.00 2 72.00 Income summary Retained earnings 72.00 Ooo 0 0 0 0 0 3 15.20 Retained earnings Cash 15.20 4 27.00 Retained earnings Common stock Paid-in capitalexcess of par