Alexander Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$25 par value, 50,000 shares authorized, 34,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 850,000 68,000 354,000 $1,272,000 During the year, the following transactions affected its stockholders' equity accounts. Jan. Jan. Feb. July Aug. Sept. 2 Purchased 3,400 shares of its own stock at $25 cash per share. 7 Directors 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. 9 Sold 1,360 of its treasury shares at $30 cash per share. 27 Sold 1,700 of its treasury shares at $20 cash per share. 9 Directors declared a $2 per share cash dividend payable on October 22 to the September 23 stockholders of record. 22 Paid the dividend declared on September 9. 31 closed the $56,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Oct. Dec. 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. 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 of 3,400 shares of its own common stock for $25 cash per share. Note: Enter debits before credits. Date General Journal Debit Credit Jan 02 Record entry Clear entry View general journal Journal entry worksheet 1. 2 3 4 5 6 7 8 Record the declaration of a cash dividend of $1.50 per share. Note: Enter debits before credits. Date General Journal Debit Credit Jan 07 Record entry Clear entry View general journal Journal entry worksheet Record the payment of the cash dividend declared on January 7. Note: Enter debits before credits. Date General Journal Debit Credit Feb 28 Record entry Clear entry View general journal Journal entry worksheet Record the reissue of 1,360 shares of the treasury stock for $30 cash per share. Note: Enter debits before credits. Date General Journal Debit Credit Jul 09 Record entry Clear entry View general journal Journal entry worksheet Record the declaration of a cash dividend of $2 per share. Note: Enter debits before credits. Date General Journal Debit Credit Sep 09 Record entry Clear entry View general journal Journal entry worksheet Record the payment of the cash dividend declared on September 9. Note: Enter debits before credits. Date General Journal Debit Credit Oct 22 Record entry Clear entry View general journal Journal entry worksheet Required 1 Required 2 Required 3 Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2019. (Amounts to be deducted should be indicated by a minus sign.) ALEXANDER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Total stockholders' equity