Exercise 11-18 Cash dividends, treasury stock, and statement of retained earnings L O C3, P2, P3 r 31, 2016 Retained earnings Total $1,100,000 88,000 389,000 $1,577,000 sed 4,400 record Feb. 28 Paid the dividend declared on January 7 Aug. 27 Sold 2,200 of its treasury for 2017 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a statement of retained earnings for the year ended December 31, 2017. (Amounts to be deducted should be indicated by a minus sign.) ALEXANDER CORPORATION Statement of Retained Earnings For Year Ended December 31, 2017 Retained earnings, December 31, 2016 389,000 Add: Net income 66,000 $ 455,000 Treasury stock reissuances ess: Cash dividends declared tained earnings, December 31, 2017457,200 Complete this question by entering your answers in the tabs below. ces Required 1 Required 2Required 3 Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2017. (Amounts to be deducte should be indicated by a minus sign.) NDER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2017 $1,100,000 88,000 306,280 Common stock-$25 par value aid-in capital in excess of par value, common stock etained earnings cost of treasury stock $1,494,280 Total Jan 02 Treasury stock, common 110,000 Cash 110,000 Jan 07Retained earnings 59,400 Common dividend payable 59,400 Feb 28 Common dividend payable 59,400 Cash 59,400 Jul 09 Cash 52,800 Paid-in capital, treasury stock Treasury stock, common 8,800 44,000 44,000 8,800 2,200 5 Aug 27 Cash Paid-in capital, treasury stock Retained earnings Treasury stock, common 55,000 Sep 09 Retained earnings 87,120 Common dividend payable 87,120 Oct 22 Common dividend payable 87,120 Cash 87,120 Dec 31 Income summary 66,000 Retained earninne