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Alexander Corporation reports the following components of stockholders' equity at December 31, 2018. During the year, the following transactions affected its stockholders' equity accounts Jan. 2 Purchased 3,200 shares of its own stock at $25 cash per share. Jan. 7 Directors declared a $1.50 per share cash dividend payable on February 28 to the February 9 stockholders of record. Feb. 28 Paid the dividend declared on January 7. July 9 Sold 1,280 of its treasury shares at $30 cash per share. Aug. 27 sold 1,660 of its treasury shares at $20 cash per share. Sept. 9 Directors declared a $2 per share cash dividend payable on october 22 to the September 23 stockholders of record. Oct. 22 Paid the dividend declared on September 9 . Dec. 31 closed the $54,6ee credit balance (from net income) in the Income Summary account to Retained Earnings. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the year ended December 31,2019 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31,2019