Alex Corporation reports the following components of stockholders' equity at December 31 of the prior year. During the current year, the following transactions affected its stockholders' equity accounts." January 2 Purchased 5 , e0e shares of its own stock at $25 cash per share. January 7 Directors declared a 51.50 per share cash dividend payable on february 28 to the february 9 stockholders of record. February 28 Paid the dividend declared on January ? July 9 sold 2,000 of its treasury shares at $30 cash per share. August 27 Sold 2,50of of its treasury shares at $21 cash per share. Septeober 9 Directors declared a 52 per share cash dividend payable on actober 22 to the septenber 23 stockholders of recond. October 22 Paid the dividend declared on September 9. December 31 closed the $72,900 eredit bulance (from net incone) in the Income Sumary account to hetained Earnings. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the curfent year ended December 31 . 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year