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 104 million common shares, $1 par per share. Retained Earnings ($ in millions) 99 Beginning balance Retirement of 4 million common shares for $28 million 83 Net income for the year 31 Declaration and payment of a $0.31 per share cash dividend Declaration and distribution of a 5$ stock dividend 26 123 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