I have a question on ACCT 2301. Thank you!

bAssignment 11E (B pts ntpx? =0.631582685862/09 1525242101543 ACCOUNTING (6th): 2018SP ACCT 2301-23001 Assignment 1B (30 pts) instructions I help Question 7 (of 12) Save & Exit Submit 6.30 points 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, 2015: Common stock- $25 par value, 60,000 shares authorized, 36,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings S 900,000 72.000 361,000 Total stockholders equity 5 1,333,000 In year 2016, the following transactions affected its stockholders equity accounts. Jan 2 Purchased 3,600 shares of its own stock at $25 cash per share Jan. 7 Directors declared a $1.50 per share cash dividend payable on Feb. 28 to the Feb. 9 stcckholders of record. Feb. 28 Paid the dividend declared on January 7 July 9 Sold 1,440 of its treasury shares at $30 cash per share. Aug, 27 Sold 1,800 of its treasury shares at $20 cash per share Sept. 9 Directors declared a $2 per share cash dividend payable on October 22 to the September 23 stcckholders of record. Oct. 22 Paid the dividend declared on September 9. Dec. 31 Closed the $58,000 credit balance (from net income) in the Income Summary aocount to O Type here to search w? 130 AM ???ENG 5/2/2018