Alexander Corporation reports the following components of stockholders' equity at December 31, 2019, Common stock-$25 par value, 70,000 sharen authorized, 42,000 shares issued and outstanding paid-in capital in excess of par value, common stock Retained earning Total stockholders' equity $1,050,000 84,000 382,000 $1,516,000 Jan. Jan Feb. During 2020, the following transactions affected its stockholders' equity accounts. 2 Purchased 4,200 shares of its own stock at $25 cash per share. 7 Directors declared a $1.50 per whare cash dividend payable on February 28 to the Pebruary 9 stockholders 28 Paid the dividend declared on January 7. July sola 1,680 of its treasury shares at $30 crash per share. Aug 27 Sold 2,100 of its treasury shares at $20 cash per share Sopt. Directora declared a $2 por share canh dividend payable on October 22 to the september 23 stockholders of 22 Paid the dividend declared on September bpe. O closed the $60,000 grodit balance (from net income) in the Income Sumary account to Retained Warninga. 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 Oct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2020. (Amount to be deducted should be indicated by a minus sian. No Debit Date General Journal 4,200 1 Jan 02 Treasury stock, common Cash 2 Jan 07 Retained earnings Common dividend payable 3 Feb 28 Common dividend payable Cash 4 Jul 09 Cash Treasury stock, common Paid-in capital, treasury stock 5 Aug 27 Cash Paid-in capital, treasury stock Retained earnings Treasury stock, common 6 Sep 09 Retained earnings Common dividend payable Oct 22 Common dividend payable Cash 8 Dec 31 Income summary Retained earings Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the year ended Decembe 3. Prepare the stockholders' equity section of the company's balance she Complete this question by entering your answers in the tabs belon Required 1 Required 2 Required 3 Prepare a statement of retained earnings for the year ended December 31, indicated by a minus sign.) ALEXANDER CORPORATION Statement of Retained Earnings For Year Ended December 31, 2020 Beginning retained earnings Add: Net income 0 Less: Cash dividends declared Less: Treasury stock reissuances Beginning retained earnings