Alex Corporation reports the following components of stockholders' equity at December 31 of the prior year. vuring the current year, the following transactions affected its stockhoiders' equity accounts. January 2 Purchased 4, 5ee shares of 1 ts own stock at $25 cash per share. 3 anuary 7 Directors declared a $1,50 per share cash dividend payable on February 28 to the February 9 stockholders of record. February 20 pald the dividend declared on January 7 . July 9 Sold 1,860 of 1 ts treasury shares at $30 cash per share. August 27 Sold 2,250 of its treasury shares at $21 cash per share, Septeaber 9 Olrectors declared a $2 per share cash dividend payable on October 22 to the september 23 stockholders of record. october 22 paid the dividend declared on septeaber 9. December 31 Closed the $67,000 credit bolance (frce net incone) in the Incone Summary account to Retained Earnings. Required: 1. Prepare journal entries to record each of these transections 2. Prepare a statement of retained earnings for the current year ended December 31. 3. Prepare the stockholders' equity secion of the balance sheet as of December 31 of the current year. 0 Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. Hote: Ampunts to be deducted should be indicated by a minus sign. January 7 Directors declared a $1.50 per share cash dividend payable on February 28 to the February 9 February 28 Paid the dividend declared on January 7. July 9 Sold 1,800 of its treasury shares at $30 cash per share. August 27 Sold 2,250 of its treasury shares at $21 cash per share. September 9 Directors declared a $2 per share cash dividend payable on October 22 to the September 23 st october 22 Paid the dividend declared on September 9. December 31 closed the $67,000 credit balance (from net income) in the Income Summary account to Retainec 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for the current year ended December 31 . Note: Amounts to be deducted should be indicated by a minus sign. July 9 Sold 1,800 of its treasury shares at $30 cash per share. August 27 Sold 2, 250 of its treasury shares at 521 cash per share. September 9 Directors declared a $2 per share cash dividend payable on october 22 to the September 23 stockholder October 22 Paid the dividend declared on september 9 . December 31 Closed the $67, e00 credit balance (from net income) in the Incone Summary account to Retained Earning Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained eamings 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. * Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity secton of the balance sheet as of December 31 of the current year. Note: Amounts to be deducted should be indicated by a minus sigh