Exercise 11-24 (Algo) Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Alex Corporation reports the following components of stockholders' equity at December 31 of the prior year. During the current year, the following transact affected its stockholders' equity accounts. Jasuary 2 Purchased 3,500 shares of its own stock at $25 cash per share. February 28 Paid the dividend "declared on January 7. July 9 Sold 1,400 of its Ereasury shares at $30 cash per share. August 27 sold 1,750 of its treasury shares at $21 cash per share. Oetober 22 record. Phe dividend declared on September 9. Required: 1. Prepare journal entries to record each of these transactions. 2. Prepare a statement of retained earnings for the current year ended December 31. 3. Prepare the stockholders' equity section of the balance sheet as of December 31 of the current year. Complete this question by entering your answers in the tabs below. Prepare joumal entries to record each of these transactions. Journal entry worksheet