solve this

Alex Corporation reports the following components of stockholders' equity at December 31 of the prior year. During the current year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 4,800 shares of its oin stock at $25 cash per share. January 7 Directors declared a $1.50 per share cash dividend payable on February 28 to the february 9 stockholders of record. February 28 Paid the dividend declared on January 7. July 9 Sold 1,920 of its treasury shares at $30 cash per share. August 27 Sold 2,400 of its treasury shares at $21 cash per share. September 9 Directors declared a $2 per share cash dividend payable on October 22 to the September 23 stockholders of record. October 22 Paid the dividend declared on September 9. December 31 closed the $70,000 credit balance (from net income) in the Incone sumrary 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 . Alex Corporation reports the following components of stockholders' equity at December 31 of the prior year. During the current year, the following transactions affected its stockholders' equity accounts. January 2 Purchased 4,800 shares of its oin stock at $25 cash per share. January 7 Directors declared a $1.50 per share cash dividend payable on February 28 to the february 9 stockholders of record. February 28 Paid the dividend declared on January 7. July 9 Sold 1,920 of its treasury shares at $30 cash per share. August 27 Sold 2,400 of its treasury shares at $21 cash per share. September 9 Directors declared a $2 per share cash dividend payable on October 22 to the September 23 stockholders of record. October 22 Paid the dividend declared on September 9. December 31 closed the $70,000 credit balance (from net income) in the Incone sumrary 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