Alexander Corporation reports the following components of stockholders' equity on December 31, 2015: In year 2016, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 4,000 shares of its own stock at $25 cash per share. Jan. 7 Directors declared a $1.50 per share cash dividend payable on Feb. 28 to the Feb. 9 stockholders of record. Feb. 28 Paid the dividend declared on January 7. July 9 Sold 1, 600 of its treasury shares at $30 cash per share. Aug. 27 Sold 2,000 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 $62,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Prepare journal entries to record each of these transactions for 2016