Help Save & Ex You skipped this question in the previous attempt. Check Alexander Corporation reports the following components of stockholders' equity on December 31, 2016: Common stock-$25 par value, 70,000 shares authorized 45,000 sares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,125,000 90,000 392,000 $1,607,000 In year 2017, the following transactions affected its stockholders' equity accounts. Jan 2 Purchased 4,500 shares of its own stock at $25 cash per share. Jan. 7 Directors declared a $1.50 per share cash dividend payable on February 28 to the February 9 stockholders of record. Feb. 28 Paid the dividend declared on January 7. July 9 Sold 1,800 of its treasury shares at $30 cash per share. Aug. 27 Sold 2,250 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 stockholders of record. Oct. 22 Paid the dividend declared on September 9. Dec. 31 closed the $67,000 credit balance (fron net income) in the Income Summary account to retained varnings. Required: 1. Prepare journal entries to record each of these transactions for 2017. 2. Prepare a statement of retained earnings for the year ended December 31, 2017 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2017 Complete this nuastinn hy anterinn nur answere in the tahe hain