Alexander Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$25 par valse, 70,000 shares authorized, 44,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,100,000 88,000 389,000 $1,577,000 During the year, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 4,400 shares of its own stock at $25 cash per share. 7 Directora declared a $1.50 per share cash dividend payable on February 21 to the Tebruary, stockholders of record. Teb. 28 Paid the dividend declared on January 7. July 9 Sold 1,760 of its treasury shares at $30 cash per share. Aug. 27 Sold 2,200 of its treasury shares at $20 cash per share. Sept. Directors declared a $2 per share canh dividend payable on October 22 to the September 23 stockholders of record. 22 Paid the dividend declared on September 9. Dec. 31 closed the $66,000 credit balance (from net income) in the Income Summary account to retained Warnings. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the year ended December 31, 2019. 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019. Oet. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Prepare journal entries to record each of these transactions. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the year ended December 31, 2019. 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a statement of retained earnings for the year ended December 31, 2019. (Amounts to be deducted should be indicated by a minus sign.) ALEXANDER CORPORATION Statement of Retained Earnings For Year Ended December 31 ALEXANDER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Total stockholders' equity