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Kohler Corporation reports the following components of stockholders' equity at December 31, 2019. During 2020, the following transactions affected its stockholder'' equity accounts. January 2 Purchased 6,000 shares of its own stock at $15 cash per share. January 5 oirectors declared a $4 per share cash dividend payable on February 28 to the lebruary 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 sold 2,250 of its treasury shares at $19 cash per share. August 22 sold 3,750 of its treasury shares at $12 cash per share. Septenber 5 olrectors declared a s4 per share cash dividend payable on october 28 to the September 25 stockholders of record. october 28 Paid the dividend declared on Septenber 5. December 31 closed the $388,600 credit balance (froe net incone) in the Incone sumary account to Retained Earnings. 1. Prepare joumal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the year ended December 31, 2020 . 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2020. Complete this question by entering your answers in the tabs below. Prepare journal entries to record each of these transactions. Prepare a statement of retained earnings for the year ended December 31,2020. Note: Amounts to be deducted should be indicated by a minus sign. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2020

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