Alexander Corporation reports the following components of stockholders' equity at December 31, 2019. During 2020, the following transactions affected its stockholders' equity accounts. January 2 Purchased 3,100 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 February 28 Paid the dividend declared on January 7. July 9 Sold 1,240 of its treasury shares at $30 cash per share. August 27 Sold 1,550 of its treasury shares at $20 cash per share. Septenber 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 $53,080 credit batance (from net income) in the Income Sunmary account to Retained Earnings. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the year ended December 31, 2020. 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31,2020