Question: can someone please help me with this hwk problem? Alexander Corporation reports the following components of stockholders' equity at December 31, 2019 Comon stock-$25 par
Alexander Corporation reports the following components of stockholders' equity at December 31, 2019 Comon stock-\\$25 par value, 60,000 shares authorized, 36,000 shares issued and outstanding Paid-in capital in exerss of par value, comon stock Retained earuings \\( \\$ 900,000 \\) Total stockholders' equity 72,000 361,000 \\( 31,333,000 \\) During 2020 , the following transoctions affected its stockholders' equity occounts. Januiry 2 Purchased 3,600 shares of its own 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 stackholders of record. February 28 Paid the dividend declared on Janoary 7. July 9 Sold 1,440 of its treasury shares at \\( \\$ 30 \\) cash per share. August 27 sold 1 , 800 of its treasury shares at \\( \\$ 20 \\) cash per shace. September 9 Directors declared a. \\$2 per share cash dividend payable on october 22 to the Septenber 23 stockholders of record. October 22 Poid the dividend declared on September 9. December 31 Closed the \\( \\$ 58,000 \\) credit balance (fron net incoes) in the Incoae 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 year ended December 31, 2020 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31,2020 \\( \\otimes \\) Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for the year ended December 31, 2020. Note: Amounts to be deducted should be indicated by a minus sign
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