B https 1 Ex 11.18 Help Save & ExitSub Check my wos Exercise 11-18 Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Alexander Corporation reports the following components of stockholders' equity on December 31, 2016: authorized, 49,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders equity $1,225,000 98,800 $1,729,e00 In year 2017, the following transactions affected its stockholders' equity accounts Jan. Jan. 2 Purchased 4,900 shares of its own stock at $25 cash per share. 7 Directors declared a $1.58 per share cash dividend payable on February 28 to the February 9 stockholders of record. Feb. 28 Paid the dividend declared on January 7. Duly Aug. 27 Sold 2,450 of its treasury shares at $20 cash per share. Sept. 9 Directors declared a $2 per share cash dividend payable on October 22 to the September 23 9 Sold 1,960 of its treasury shares at $30 cash per share. Prev 1 of Next ere to search