Kohler corporation reports the following components of stockholders’ equity on december 31, 2017. common stock—$15 par value, 100,000 shares authorized, 50,000 shares issued and outstanding $ 750,000 paid-in capital in excess of par value, common stock 60,000 retained earnings 460,000 total stockholders' equity $ 1,270,000 in year 2018, the following transactions affected its stockholders’ equity accounts. jan. 1 purchased 5,000 shares of its own stock at $20 cash per share. jan. 5 directors declared a $4 per share cash dividend payable on february 28 to the february 5 stockholders of record. feb. 28 paid the dividend declared on january 5. july 6 sold 1,875 of its treasury shares at $24 cash per share. aug. 22 sold 3,125 of its treasury shares at $17 cash per share. sept. 5 directors declared a $4 per share cash dividend payable on october 28 to the september 25 stockholders of record. oct. 28 paid the dividend declared on september 5. dec. 31 closed the $408,000 credit balance (from net income) in the income summary account to retained earnings. required: 1. prepare journal entries to record each of these transactions for 2018. 2. prepare a statement of retained earnings for the year ended december 31, 2018. 3. prepare the stockholders' equity section of the company’s balance sheet as of december 31, 2018.

1. revising for conciseness - eliminating flabby expressions, limiting long lead-ins, and dropping unnecessary fillerstime is money in any business environment. people want information communicated quickly and clearly. to make your writing more concise and understandable, avoid flabby expressions, long lead-ins, and unnecessary fillers. your audience will appreciate your brevity.1. if your writing contains a flabby expression like in view of the fact that, replace it with the word because / although / probably .for each of the following two sentences, choose the best revision.2. i am sending you this letter to inform you that we have experienced an unexpected surprise within our expense sheet, but we are positively certain we will solve it.1) we need to inform you that we have experienced an unexpected surprise with our expense sheet, but we are midway to an end result.2) we have identified a problem with our expense sheet, but we will solve it.3) i am sending you this letter to inform you that we have a problem with our expense sheet, but we are positively certain we have a solution.3. it is the user who should contact the center.1) everyone knows that it is the user who should contact the center.2) the user should contact the center.3) if there is a problem, the user should contact the center. read the following passage, and then answer the question.[1] you scheduled seven conference calls for this morning between 10 and 11 a. m. [2] generally, the company limits the number of conference calls to three per hour. [3] i’m letting you know that in the future, we should be more careful about scheduling.4. which revision limits the long lead-in in sentence 3? 1) in the future, we should be more careful about scheduling.2) i’m letting you know so that in the future we are more careful about scheduling calls.3) so that you know in the future, we should be more careful about scheduling.