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Alexander Corporation reports the following components of stockholders' equity at December $31,2018.$

Common stock$-$ $$25$ par value, $60,000$ shares authorized,

$36,000$ shares issued and outstanding

During the year, the following transactions affected its stockholders' equity accounts.

Jan. $2$ Purchased $3,600$ shares of its own stock at $$25$ cash per share.

Jan. $7$ Directors declared a $$1\mathrm{.}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 $1,440$ of its treasury shares at $$30$ cash per share.

Aug. $27$ Sold $1,800$ 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 $9.$

bec. $31$ closed the $$58,000$ credit balance $($from net income$)$ in the Income Summary account to Retained Earnings.

Required:

Prepare journal entries to record each of these transactions.

Prepare a statement of retained earnings for the year ended December $31,2019.$

Prepare the stockholders' equity section of the company's balance sheet as of December $31,2019.$

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