Please seperate them and use correct wording, please and thank you!

Alex Corporation reports the following components of stockholders' equity at December 31 of the prior year Common stock-$25 par value, 70,000 shares authorized, 50,000 shares issued and outstanding $1,250,000 Pald-in capital in excess of par value, common stock 100,000 Retained earnings 410,000 Total stockholders equity $ 1,760,000 During the current year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 5,000 shares of its own stock at $25 cash per share January ; Directors declared a $1.50 per share cash dividend payable on February 20 to the February 9 stockholders of record. February 21 Paid the dividend declared on January 7. July 9 Sold 2,000 of its treasury shares at $30 cash per share. August 27 Sold 2,500 of its treasury shares at $21 cash per share. September Directors declared 52 per share cash dividend payable on detober to the September 23 stockholders of record. October 22 Paid the dividend declared on September December 31 Closed the $72,000 credit balance (from net income) in the income Summary account to Retained Earnings Required: 1. Prepare journal entries to record each of these transactions 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. Required 1 Required 2 Required 3 Prepare journal entries to record each of these transactions. View transaction list Journal entry worksheet