Alexander Corporation reports the following components of stockholders' equity at December 31, 2019. Common atoek-$25 par value. 50,000 shares authorized, 30,000 shares innued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 750,000 50,000 340,000 $1,140,000 During 2020, the following transactions affected its stockholders' equity accounts Jan. 2 Purchased 3,000 shares of its own stock at $25 cash per share. Jan. 7 Directora declared a $1.50 per share cash dividend payable on February 28 to the February 9 stockholders of record. 28 Paid the dividend declared on January 7. July 9 Sold 1,200 of its treanury shares at $30 cash per sbare. Aug. 27 Sold 1,500 of its treasury shares at $20 cash per share. Sept. 9 Directors declared a $2 per share canh dividend payable on October 22 to the September 23 stockholders of record. Oct. 22 Paid the dividend declared on September 9. Dec.31 cloved the $52,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Feb. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions. View transaction list Journal entry worksheet 1 2 -3 4 5 6 7 8 > Record the purchase 3,000 shares of its own common stock for $25 cash per share. Note: Enter debits before credits. General Journal Debit Credit Date Jan 02 View transaction list Journal entry worksheet Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2020. (Amounts to be deducte should be indicated by a minus sign.) ALEXANDER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2020 Total stockholders' equity