6 Alexander Corporation reports the following components of stockholders' equity on Conmon stock-$25 par value, 70,000 shares authorized, 48,000 shares issued and outstanding Paid-in capital in excess of par value, common $1,200,0e0 96,800 03,680 stock Retained earnings Total stockholders equity $1,699,000 in year 2017, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 4, 880 shares of its on stock at $25 cash per share. an. 7 Directors declared a $1.58 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 1,920 of its treasury shares at $30 cash per share. Aug. 27 Sold 2,400 of its Sept. 9 Directors declared a $2 per share cash dividend payable on October 22 to the September 23 treasury shares at $28 cash per share. stockholders of record Oct. 22 Paid the dividend declared on September 9. Dec. 31 Closed the $70,800 credit balance (from net income) in the Income Summary account to Ret Earnings Required: 1. Prepare journal entries to record each of these transactions for 2017 2 Prepare a statement of retained earnings for the year ended December 31, 2017 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31. 2017 Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Prepare a statement of retained earnings for the year ended December 31, 2017. (Amounts to be deducted should be ndicated by a minus sign.) Statement of Retained Eamings For Year Ended 2017