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2. Record the declaration of a cash dividend of $1.50 per share.

3. Record the payment of the cash dividend declared on January 7.

4. Record the reissue of 1,360 shares of the treasury stock for $30 cash per share.

5. Record the reissue of 1,700 shares of the treasury stock for $20 cash per share.

6. Record the declaration of a cash dividend of $2 per share.

7. Record the payment of the cash dividend declared on September 9.

8. Record the transfer of the credit balance of $56,000 in the income summary account to the retained earnings account.

Alexander Corporation reports the following components of stockholders' equity on December 31, 2017 Common stock-$25 par value, 58,880 shares authorized 34,8ee shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity s 858,eee 68,808 354,808 $1,272,eee In year 2018, the following transactions affected its stockholders' equity accounts. Jan. Jan. 2 Purchased 3,480 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 January7 July 9 Sold 1,360 of its treasury shares at $3e cash per share Aug. 27 Sold 1,7e0 of its treasury shares at $28 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 $56,880 credit balance (from net income) in the Income Summary account to Retained Earnings Requlrec: 1. Prepare journal entries to record each of these transactions for 2018. 2. Prepare a statement of retained earnings for the year ended December 31, 2018 3. Prepare the stockholders' equity section of the company's balance sheet as of December 31, 2018

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