Alexander Corporation reports the following components of stockholders' equity on December 31, 2016: Common stock$25 par value, 50,000 shares authorized, 30,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 750,000 50,000 340,000 $1,140,000 13-18 Prepare journal entries, a statement of retained earnings, and a statement of stockholders' equity for Alexander Company: Jan 2 Purchased 3,000 shares of its own stock at $30 cash per share. Jan 7 Declared a $2.00 per share cash dividend. Feb 28 Paid the dividend declared on January 7. July 9 Sold 1,000 of its treasury shares at $28 cash per share. Aug 27 Sold 1,300 of its treasury shares at $18 cash per share. Sept 9 Declared a $3 per share cash dividend. Oct 22 Paid the dividend declared on Sept 9 Dec. 31 Closed the $72,000 credit balance (from net income) in the Income Summary account to Retained Earnings