cise 13-18: Journal Entries, Statement of RE, Statement of SE: N: Alexander Corporation reports the following Shareholders' Equity section on 12/31/16, Common Stock-$25 par value, 50,000 shares authorized, 33,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ S $ S 825,000 66,000 350,000 1.241.000 In 2017, the following transactions affected the stockholders' equity accounts: REQUIRED: Part 1) Prepare the Journal Entries. 1/2/2017 Purchased 3,300 shares of its own stock at $25 cash per share. 1/7/2017 Directors declared a $1.50 per share cash dividend payable on 2/28/17 to stockholders of record on 2/9/17. 2/28/2017 Paid the cash dividend declared on 1/7/17. 7/9/2017 Sold 1,320 of its treasury shares at $30 cash per share. 8/27/2017 Sold 1,650 of its treasury shares at $20 cash per share 9/9/2017 Directors declared a $2.00 per share cash dividend payable on 10/22/17 to stockholders of record on 9/23/17. 10/22/2017 Paid the dividend declared on 9/9/17. 12/31/2017 Closed the $55,000 credit balance (from net income) in the Income Summary acount to RE. Parts 2 & 3: Prepare the Statement of RE and Stockholders' Equity section of BS. Statement of Retained Earnings For the Year Ended December 31, 2017 Stockholders' Equity Section of the Balance Sheet at December 31, 2017