Alexander Corporation reports the following components of stockholders equity at December 31, 2019.

Common stock$25 par value, 70,000 shares authorized, 48,000 shares issued and outstanding	$ 1,200,000
Paid-in capital in excess of par value, common stock	96,000
Retained earnings	403,000
Total stockholders equity	$ 1,699,000

During 2020, the following transactions affected its stockholders equity accounts.

January 2	Purchased 4,800 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 record.
February 28	Paid the dividend declared on January 7.
July 9	Sold 1,920 of its treasury shares at $30 cash per share.
August 27	Sold 2,400 of its treasury shares at $20 cash per share.
September 9	Directors declared a $2 per share cash dividend payable on October 22 to the September 23 stockholders of record.
October 22	Paid the dividend declared on September 9.
December 31	Closed the $70,000 credit balance (from net income) in the Income Summary account to Retained Earnings.

Required:

Prepare journal entries to record each of these transactions.

Prepare a statement of retained earnings for the year ended December 31, 2020.

Prepare the stockholders equity section of the companys balance sheet as of December 31, 2020.

I followed everything and it is all correct but claims the answer is not complete.

Answer is not complete. Complete this question by entering your answers in the tabs below. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for the year ended December 31, 2020. Note: Amounts to be deducted should be indicated by a minus sign. Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2020. Note: Amounts to be deducted should be indicated by a minus sign