Alexander Corporation reports the following components of stockholders' equity on December 31, 2016: Common stock-$25 par value, 50,000 shares authorized, 33,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 825,000 66,000 350,000 Total stockholders equity $1,241,000 In year 2017, the following transactions affected its stockholders' equity accounts 2 Purchased 3,300 shares of its own stock at $25 cash per share. 7 Direetors declared a $1.50 per share cash dividend payable on Pebruary 28 to the February 9 stoekhoiders of Jan. Jan. record. Feb. 28 Paid the dividend declared on January 7 July 9 Aug. 27 Sold 1,650 of its treasury shares at $20 cash per share Sept. 9 Directors declared a 52 per share cash dividend payable o 9 Sold 1,320 of its treasury shares at $30 cash per share. October 22 to the September 23 stockholders of record oet. 22 Paid the dividend declared on September 9. Dec. 31 closed the 555,000 eredit bal lance (fron net income) in the Income Sumnary account to Retained Earnings Required: 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 Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions for 2017. Journal entry worksheet Record the purchase 3,300 shares of its own common stock for $25 cash per chare Next > 40f 10