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 current year.

Alex Corporation feports the following components of stockhoiders' equity at December 31 of the prior year. During the current yeat, the following transactions atfected its stockhoiders: equity accounts. Jancary 2 Purchased 5 , 600 shares of its oun stock at $25 cash per share. January 7 Directors declared a $1.50 per share cash dividend payable on February 28 to the February 9 stackhotders of February 28 Paid the dividend declared on January 7. July 9 5old 2 , eee of its treasury shares at $3e cash per share. August 27 Sold 2,500 of its treasury shares at $21 cash per share. Septeaber 9 Directors declared a $2 per share cash dividend payable on 0etober 22 to the Septenber 23 stockhotders of october 22 Paid the dividend dectared an 5eptenber 9. Decenber 31 Closed the $72, aes credit balance (fron net incose) in the Incone Sunnary 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. Prepare journai entries to record each of these transactions