Please help! Exercise 11-18 cash dividends, treasury stock, and statements of retained earnings.

Exercise 11-18 Cash dividends, treasury stock, and statement of retained earnings LO c3, P2, P3 Alexander Corpor ation reports the following components of stockholders' equity on December 31,2016: ts Common stock-$25 par value, 60,000 shares authorized 37,000 shares issued and outstanding Paid-in capital in excess of par value, common stock s 925,000 74,000 364,000 $1,363,000 Total stockholders equity rint In year 2017, the following transactions affected its stockholders' equity accounts Jan. 2 Purchased 3,700 shares of its own stock at $25 cash per share. lared a 1.50 per share cash dividend payable on February 28 to the February 9 stockholders of record Feb. 28 Paid the dividend declared on January 7. July 9 Sold 1,480 of its treasury shares at $30 cash per share Aug. 27 Sold 1,850 of its treasury shares at $20 cash per share. Sept. 9 D declared 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 $59,000 credit balance (from net income) in the Income Summary account to Retained Barnings 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. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2017. Prey f 1 Next acBook No Date General Journal Debit Credit Jan 02 Treasury stock, common Cash 92,500 2 Jan O7 Retained earnings 3 Feb 28 Cash Jul 09 Cash Treasury stock, common Paid-in capital, treasury stock 4 Aug 27 Cash 5 Paid-in capital, treasury stock Retained earnings Treasury stock, common Sep 09 Retained earnings 6 Common dividend payable Oct 22 7 Cash 1 of 1 Next> Jul 09 Aug 27 Cash Sep 09 Retained earnings Oct 22 Dec 31 Required 1 Required 2 Required 3 Prepare a statement of retained earnings for the year ended December 31, 2017. (Amounts to be deducted indicated by.a minus. sign ALEXANDER CORPORATION Statement of Retained Earnings For Year Ended December 31, 2017 Retained earnings, December 31, 2016 Add: Net income 0 Less: Cash dividends declared Less: Treasury stock reissuances Retained earnings, December 31, 2017 0 K Required 1 Required 3> PB aiswers in the tabs below. Required 1 Required 2 Required 3 RSRASSSee.CORARK.. Prepare the stockholders equity section of the company's balance sheet as of December 31, 20 should be indicated by a minus sign.). ALEXANDER CORPORATION Stockholders' Equity Section of the Balance Sheet December 31, 2017 Common stock-$25 par value es aid-in capital in excess of par value, common stook etained earnings ess cost of treasury stock 0 Total stockholders' equity 3 KRequired 2