01:41:56 Question 47 lew Policies urrent Attempt in Progress The stockholders' equity accounts of Concord Corporation on January 1, 2022 were as follows. Preferred Stock (10%, 5100 par noncumulative, 5.000 shares authorized) $415.000 Common Stock ($10 stated value. 800,000 shares authorized 1,600,000 Paid-in Capital in Excess of Par Value-Preferred Stock 53,000 Pald-in Capital in Excess of State Value - Common Stock 810,000 Retained Earnings 820,000 Treasury Stock (8,100 common shares) 64,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity Mar 1 issued 6,900 shares of common stock for $85 per share. June 22 Purchased 2.000 additional shares of common treasury stock at $11 per share. Sept. 1 Declared a 10% cash dividend on preferred stock payable October 1. Oct. 1 Pald the dividend declared on September 1 Dec. 1 Declared $0.70 per share cash dividend to common stockholders of record on December 15, payable December 31, 2022. 31 Determined that net income for the year was $110.000. Paid the dividend declared on December 1. Journalize the transactions for the dates shown. Include entries to close net income and dividends to Retained Earnings. (Record journal entries in the order presented in the problem. Credit account titles ore automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit MacBook Air Date Account Titles and Explanation Debit Credit O 01:41:31 Hd (To dos net income (To dose dividends) (To dose cash dividends paid)