Alex Corporation reports the following components of stockholders' equity at December 31 of the prior year. During the current year, the foliowing transactions affected its stockholders' equity accounts. Samary 2 purchasod 4 , 200 mares of its own atopk at $25 canh per share. Janiary 7 reeed. Februery 21 Fald the dividend declared on January 3. July? Sold 1,920 of its treasury shares at $30 easb per share. August 27 sold 2,400 of its treasury nhares at s21 cash per share. septenber, Direetors declared is $2 per ahare casb dividend payable on oetober 22 to the septenber 23 stockholders of october 22 paid the diridend declared on Septenber 9. Decesber 31 closed the $70,000 eredit balance (fros net incone) in the Income suanary secount to Retained rarnings. 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 yeat. Complete this question by entering your answers in the tabs below. Prepare fournal entries to record each of these transactions. Prepare joumal entries to record each of these transactions