Alexander Corporation reports the following components of stockholders equity on December 31, 2016 Common stock-425 par value, 70,000 abares authorized, 41,225,000 98,000 49,000 share issued and outstand!Lg Paid-in capitsl in exceas of par vaie, common stock Total stockholdezs" equity In year 2017, the following transactions affected its stockholders' equity accounts Jan. 2 Purchased 4,900 shazes of its own atock at 25 esth pez shaze Jan. 7 Directots declared 41.50 per share cash dividend payable on February 28 to the February 9 tockholde29 of Feb. 2 Paid the dividend declared on January 7 Aug. 27 So1d 2,430 of its treasuzy shares at $20 cash per share Sept. 9 Directors declared 62 pez ahaze caah dividend payable on Oetober 22 to the Septetber 23 tockholdez Oet. 22 Taid the dsvsdend deelazed on Sepcenber 9 Dec. 31 Closed the 471,000 credit balance fran net income) 1n the Income Sumary account to Retained Earnings. 1. Prepare journal entries to record each of these transactions for 2017 2. Prepare a statement of retained earnings for the year ended December 31, 2017 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2017 Date General Journal Debit 122500 Jan 02 Treasury stock, common 122,500 66,150 Jan 07 Retained earnings 66,150 Common dividend payable Feb 28 Common dividend payable 68,150 66,150 Cash Cash 58,800 Jul 09 49,000 Treasury stock, common Paid-in capital, treasury stock 9,800 49,000 9800 2450 Aug 27 Palid-in capital, treasury stock Retained earnings 61,250 Treasury stock common Sep 09 122.500 Retained earnings ALEXANDER CORPORATION Stockholders' Equity Section of the Balance Sheet ALEXANDER CORPORATION Statement of Retained Earnings For Year Ended r 31, 2017 Total stockholders" equity