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 4,900 shares of its 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 recond. February 28 Paid the dividend declared on January 7. July 9 Sold 1,960 of its treasury shares at $30 cash per share. August 27 5old 2,450 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 Septenber 23 stockholders of record. octaber 22 Paid the dividend declared on Septenber 9. Decenber 31 Closed the $71,000 credit balance (fron net incone) in the Income Sunnary account to Retained Earnings. Required: 1. Prepare journal entiles 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 joumal entries to record each of these transactions. Journal entry worksheet 345678 Record the purchase of 4,900 shares of its own commen stock for $25 cash per share. Niate: Enfor dethes bef ore cretits