i imputed the journal entries as sent but it still says answer is incomplete. please assist.

oR you have completed so for. It does not indicate completion. Exercise 11-18 Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Return to question Alexander Corporation reports the following components of stockholders' equity on December 31, 2016. Common stock $25 par value, 50, 000 shares authorized, 31,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 775,000 62, 000 343, 000 $1, 180, 000 In year 2017, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 3,100 shares of its own stock at $25 cash per share Ja7 Directors declared a $1.50 per share cash dividend payable on Februaty 28 to the Februazy 9 stockholdera of record Feb. 28 Paid the dividend declared on January 7 July 9 Sold 1,240 of its treasury shares at $30 cash per share. Aug. 27 Sold 1,550 of its treasury shares at $20 cash per share Sept 9 Directors deciared a 2 per share cash dividend payable on october 22 to the September 23 stockholders of record Oct. 22 Paid the dividend declared on September 9. Dec. 31 Closed the $53,000 credit balance (from net income) in the Income Summary account to Retained Earnings. Required 1. Prepare journal entries to record each of these transactions for 2017 2. Prepare a statement of retained earnings for the year ended December 31. 2017 3. Prenare the stockholders eauitv section of the comnanv's halance sheet as of December 31 2017 1 of 1 11 Next ev 04 PM @ '^ w. A ds) t2/2/2018 search Heturn to question & Answer is not complete. Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions for 2017. No Date General Journal Debit Credit Jan 02 Treasury stock, common 77500 Cash 77,500 Jan 07 Retained earnings 41,850 41,850 Common dividend payable Feb 28 Common dividend payable 41,850 41,850 Cash 37 200 o 37.200 Jul 09 Cash 31,000 Treasury stock, common Prev 1 of 1 E Next 505 PM ch 4 Jul 09 Cash 37,200 Treasury stock, common Paid-in capital, treasury stock 31,000 6.200 Aug 27 Cash Paid-in capital, treasury stock Retained earnings 31,000 62000 1,550 Treasury stock, common 38,750 6 Sep 09 Retained earnings 61,380 Common dividend payable 61,380 Oct 22 Common dividend payable 61.380 ! Cash 61,380 Dec 31 Income summary 53,000 Retained earnings 53,000 Required 2 > Prey Next rch points Prepare a statement of retained earnings for the year ended andicated by.a minus sign. December 31, 2017. (Amounts to be deducted should be ALEXANDER CORPORATION Statement of Retained Earnings For Year Ended December 31, 2017 Retained earnings, December 31, 343,000 2016 Add: Net income 53,0000 $ 396,000 (103,230) Less: Treasury stock reissuances (1,550) $ 291,220 Less: Cash dividends declared Required 1 Required 3 > Mc Graw Hill Prev 1 ofNext O Type here to search deducted should be indicated by a minus gn. e the stockholders equity section of the companysbalance sheet as of December 31, 2017. (Amoun ALEXANDER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2017 Common stock- $25 par value Paid-in capital in excess of par value, common stock62,000 Retained earnings Less cost of treasury stock Total stockholders' equity 775,000 291.2200 (7.750) S 1,120,470 Required 2 Mc Graw Hill Prev 1 of 1 Next ducation 0 Type here to search t