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Alex Corporation reports the following components of stockholders' equity at December 31 of the prior...

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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 3,800 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 stockholders of February 28 Paid the dividend declared on January 7. July 9 Sold 1,520 of its treasury shares at $30 cash per share. August 27 Sold 1,900 of its treasury shares at $21 cash per share. Septenber 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 Septenber 9. December 31 Closed the $60,060 credit balance (from net income) in the Income Sumary account to Retained Earnings. Required: Prepare a statement of retained earnings for the current year ended December 31. Note: Amounts to be deducted should be indicated by a minus sign. ALEX CORPORATION Stockholders' Equity Section of the Balance Sheet December 31 \begin{tabular}{|l|l|} \hline & \\ \hline & \\ \hline & \\ \hline Total stockholders' equity & $ \end{tabular}

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