Ch 11 Ex 11-18 Exercise 11-18 Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Alexander Corporation reports the following components of stockholders' equity on December 31, 2016: Connon stoek-$25 par 3,000hares isoed and outetanding $1,075,000 Paid-in capital in exceas of pnx valom coon ock6,000 $1,546,900 In year 2017, the following transactions affected its stockholders' equity accounts. Jan 2 Purchasnd 4,300 hares of its on stock at $25 cash per hare Tan 7 Directors declared a $1.50 per share cash dividend paysble on Tabruary 29 to the February stoekholders of Peb. 28 Paid the dividend declared on January Taly 9 Sald 1.720 of its trensory shares at $30 cah per shar nog, 27 Sold 2,350 of its treasury shares at $20 onsh per sharm Sept. birectors declared a 32 per shace cash dividend payable on Oetober 22 to the September 23 stoekholders of Oot. 22 Paid the dividend declared on Septumber 9 Dec. 31 closed the 565,000 credit balance ttrom net incune) in the Inoone Sumnary accou to Reta Required 1. Prepare journal entries to record each of these transactions for 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 1 of 1i Next MacBook Air 20 F 888 FA FS -F6 2 3 5