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 3,100 shares of its own stoek at $25 cash per thare. January 7 Directors declared a $1.50 per share canh dividend payable on February 28 to the rebruary 9 atoekholders of February 28 Paid the dividend declared on January 7. July 9 Sold 1,240 of ito treasury sharen at $30 eash per share. Augose 27 sold 1,550 of ita treasury aharen at $21 cash per whare. september, Direotors declared a $2 per whare eas dividend payable on oetober 22 to she 50 tember 23 ntockholdern of october 22 record. December 31 cloned the 553,000 eredit balanee (from net income) in the Income sumary sccount to Retalned Earningis. Required: 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. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. Note: Amounts to be deducted should be indicated by a minus sign. Journal entry worksheet Record the purchase of 3,100 shares of its own common stock for $25 cash per share. Note: Enter debits before credits. Prepare journal entries to record each of these transactions. Journal entry worksheet Record the declaration of a cash dividend of $1.50 per share. Note: Enter debits before credits. Journal entry worksheet Record the payment of the cash dividend declared on January 7. Note: Enter debits before credits. Prepare journal entries to record each of these transactions. Journal entry worksheet Record the reissue of 1,240 shares of the treasury stock for $30 cash per share. Note: Enter debits before credits. Journal entry worksheet Record the reissue of 1,550 shares of the treasury stock for $21 cash per share. Note: Enter debits before credits. Prepare journal entries to record each of these transactions. Journal entry worksheet 3 7 Record the declaration of a cash dividend of $2 per share. Note: Enter debits before credits. Prepare journal entries to record each of these transactions. Journal entry worksheet 12 5 Record the payment of the cash dividend declared on September 9. Note: Enter debits before credits. Journal entry worksheet Record the entry to close the $53,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Note: Enter debits before credits