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 4,100 shares of 1 ts own stock at $25 cash per share. January 7 Directors declared a $1.50 per share cash dividend payable on February 28 to the February 9 stockholders of record. February 28 Paid the dividend declared on January 7 . July 9 Sold 1,640 of its treasury shares at $30 cash per share. August 27 Sold 2,050 of its treasury shares at $21 cash per share. Septenber 9 Directors declared a $2 per share cash dividend payable on October 22 to the 5 eptenber 23 stockhotders of record. October 22 Paid the dividend declared on September 9. Decenber 31 Closed the $63,080 credit balance (from net incone) in the Incone Sumary account to Retained Earnings. Required: 1. Prepare journal entries to record each of these transactions. Journal entry worksheet 2 3 4 5 6 7 8 Record the purchase of 4,100 shares of its own common stock for $25 cash per share. Note: Enter debits before credits. 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. 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. 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