Alexander Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$25 par value, 70,000 shares authorized, 48,000 shares issued and outstanding $1,200,000 Paid-in capital in excess of par value, common stock 96,000 Retained earnings 403,000 Total stockholders' equity $1,699,000 During the year, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 4,800 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 1,920 of its treasury shares at $30 cash per share. Aug. 27 Sold 2,400 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 $70,000 credit balance (from net income) in the Income Summary account to Retained Earnings. ALEXANDER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 Common stock - $25 par value Dividends Paid-in capital in excess of par value, common stock Retained earnings 13 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 Required Required 1 2 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