Alexander Corporation reports the following components of stockholders equity at December 31, 2018.

Common stock$25 par value, 60,000 shares authorized, 39,000 shares issued and outstanding	$	975,000
Paid-in capital in excess of par value, common stock		78,000
Retained earnings		371,000
Total stockholders equity	$	1,424,000

During the year, the following transactions affected its stockholders equity accounts.

Jan.		2		Purchased 3,900 shares of its own stock at $25 cash per share.
Jan.		7		Directors declared a $1.50 per share cash dividend payable on February 28 to the February 9 stockholders of record.
Feb.		28		Paid the dividend declared on January 7.
July		9		Sold 1,560 of its treasury shares at $30 cash per share.
Aug.		27		Sold 1,950 of its treasury shares at $20 cash per share.
Sept.		9		Directors declared a $2 per share cash dividend payable on October 22 to the September 23 stockholders of record.
Oct.		22		Paid the dividend declared on September 9.
Dec.		31		Closed the $61,000 credit balance (from net income) in the Income Summary account to Retained Earnings.

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
Beginning retained earnings	$371,000
Add: Net income	61,000
	$432,000
Less: Cash dividends declared
Less: Treasury stock reissuances
Ending retained earnings

Prepare the stockholders equity section of the companys 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	$0