Exercise 11-24 (Algo) Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Alex Corporation reports the following components af stockholders' equity at December 31 of the priar year. During the current yeot, the following transactions affected its stockholders' equity accounts. January 2 Rurehaed 4,200 ahnres of 1 te own stock at 125 eab per share. January 7 Directori declared a $1.50 per ubare caeh dividend payable on February 28 to the February 9 otookholdere of rebrusry 28 record. Phe dividend declared as Jahuary 7. July 9 sold 1,680 of its treanury stares at 830 eash per whare. Augunt 27 sold 2,100 of ith treasary shares at 521 cash per ahere. Septenber 9 Director declared a 52 per whare canh dividend payable on october 22 to the septeaber 23 stockholdern of october 22 Fecord the alvidend deolared on feptenber 9. December 31 closed the 564,000 credit balance (fron net incote) In the Incose fummary acootunt to lletained- Farninge