Kohler Corporation reports the following components of stockholders' equity at December 31 of the prior year. Commen stock-15 per value. 100.000 shares authorized, 60,000 shares issued and outstanding Paid-in capital in excess of par value, conson stock Retained earnings Total stockholders' equity 2 5 February 28 July August 22 September 5 During the current year, the following transactions affected its stockholders' equity accounts. Purchased shares of its ova stock at $20 cash share. January Directors declared a 52 per share cash dividend payable on February 28 to the February 5 stockholders of Note: Enter debits before credits Date January 05 Paid the dividend declared on January 5. Sold 2.000 of its treasury shares at $24 cash per share. Sold 2,000 of its treasury shares at $16 cash por share. birectors declared a 2 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 20 Paid the dividend declared on September 5. December 31 Closed the $408,000 credit balance (fron net income) in the Income Sunnery account to Retained Earnings. 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. Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions. View transaction list Journal entry worksheet Note: Enter cebits before credits Date January 02 Record the purchase of 4,000 shares of its own common stock for $20 cash per share. Record entry General Journal 6 Clear entry 7 8 Required 1 Debit $ 900,000 10,000 460,000 $1,430,000 Credit View general journal Required 2 > Journal entry worksheet Record the declaration of a cash dividend of $2 per share. Record entry 3 Note: Enter debits before credits Date July 00 Record entry General Journal Date September 05 Clear entry Note: Enter debits before credits. Record entry Record the reissue of 2.000 shares of the treasury stock for $24 cash per share. General Journal Clear entry Record the declaration of a cash dividend of $2 per share. 37 <1 2 3 4 5 6 7 8 General Journal 8 Clear entry Debit Debit Credit Debit View general journal Credit View general journal Credit View general journal 2 3 6 Record the payment of the cash dividend. jote: Enter debits before credits. Date February 28 Record entry Note: Enter debits before credits Date August 22 Record entry 5 6 7 8 Note: Enter debits before credits Date October 28 General Journal Record entry Clear entry Record the reissue of 2,000 shares of the treasury stock for $16 cesh per share. Record the payment of the cash dividend. General Journal Clear entry General Journal 6 Clear entry 8 6 Debit Debit 8 Credit View general journal Credit View general journal Debit Credit View general Journal > >

Please help me

Please don't give image format

Delray Company reports the following components of stockholders' equity on January 1. Common stock-$10 par value, 120,000 shares authorised, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity During the year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 5,000 shares of its own stoak at $23 cash per share. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. July & Sold 2,500 of its treasury shares at $27 cash per share. August 22 Sold 2,500 of its treasury shares at $19 cash per share. September 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. Requirement October 28 Paid the dividend declared on September 5. December 31 Closed the $259,500 credit balance (from net income)…