History it ences Bookmarks Profiles Tab Mc Graw Hill February 28 July 6 August 22 September 5 ! ducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252FI... (29) YouTube Classes N Netflix Dashboard EDU 1011 (2019-F... G Annotated Bibliog... January 2 January 5 A Q Kohler Corporation reports the following components of stockholders' equity at December 31 of the prior year. Common stock-$15 par value, 100,000 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity October 28 December 31 :0 During the current year, the following transactions affected its stockholders' equity accounts. Purchased 5,000 shares of its own stock at $25 cash per share. record. Directors declared a $6 per share cash dividend payable on February 28 to the February 5 stockholders of Required 1 26 S(40 @ 2 Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the current year ended December 31. 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. Complete this question by entering your answers in the tabs below. 39 W S Required 2 # Window Help Paid the dividend declared on January 5. Sold 2,500 of its treasury shares at $29 cash per share. Sold 2,500 of its treasury shares at $21 cash per share. record. Directors declared a $6 per share cash dividend payable on October 28 to the Teptember 25 stockholders of Paid the dividend declared on September 5. Closed the $428,000 credit balance (from net income) in the Income Summary account to Retained Earnings. 3 80 F3 E D (< Required 3 $ 4 ODO DOD F4 R F 675⁰ % stv F5 T Saved G MP Prev 6 Y Pil 1 of 1 H & 7 AA F7 U Next 8 J DII F8 W ( 9 | K DD F9 ☆ A Study on the He... 0 0 $ 675,000 70,000 430,000 $ 1,175,000 L F10 P F11 A S G Gmail { + 11