After closing its books on December 31, 20--, Hilltop Corporation stockholders' equity accounts have the following balances. Complete the stockholders' equity section of the balance sheet. Paid-in capital in excess of par—preferred stock $ 45,000 Paid-in capital in excess of par—common stock 19,000 Paid-in capital from sale of treasury stock 32,000 Retained earnings 111,000 ​ Hilltop Corporation Stockholders' Equity December 31, 20-- Paid-in capital:        Preferred stock, 6%, $14 par (15,000 shares issued and       outstanding)        Preferred stock subscribed (6,000 shares)        Common stock, $10 par (70,000 shares issued and 44,000       shares outstanding)        Common stock subscribed (20,000 shares)     Additional paid-in capital:        Paid-in capital in excess of par—preferred stock        Paid-in capital in excess of par—common stock        Paid-in capital from sale of treasury stock           Total paid-in capital     Retained earnings           Less: Treasury stock (5,000 shares; $14 cost per share)           Total stockholders' equity

Vishal

Alexander Corporation reports the following components of stockholders' equity at December 31, 2019. Common stock-$25 par value, 60,000 shares authorized, 39,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity During 2020, the following transactions affected its stockholders' equity accounts. January 2 Purchased 3,900 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 record February 28 Paid the dividend declared on January 7. July 9 Sold 1,560 of its treasury shares at $30 cash per share. August 27 Sold 1,950 of its treasury shares at $20 cash per share. September 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 September 9. December 31 Closed the $61,000 credit balance (from net income)…

Prepare the journal entry. Post to the T account .