CALCULATOR FULL SCREEN PRINTER VERSION BACK NI Problem 11-02A (Part Level Submission) The stockholders' equity accounts of Pronghorn Corp. on January 1, 2022, were as follows Preferred Stock (7%, $100 par non cumulative, 14,500 shares authorized) $870,000 Common Stock (4 stated value, 870,000 shares authorized) 2,900,000 Paid in Captain Excess of Par Value-Preferred Stock 43.500 Paid in Captal in Excess of Stated Value-Common Stock 1,392,000 Retained Earnings 1.995, 200 Treasury Stock (14,500 common shares) 116.000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 ssued 14,500 shares of common stock for $87.000 Mar. 20 Purchased 2,900 additional shares of common treasury stock at $7 per share. Oct. 1 Declared a cash dividend on preferred stock, payable November 1 Nov. Paid the dividend declared on October 1 Dec. 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15. payable December 31, 2022 Dec 31 Determined that net income for the year was $310,000. Paid the dividend declared on December 1 a) Joumalize the transactions include entries to close net income and dividends to Retained Earnings ) (Record entries in the order displayed in the problem statement. Credit accountries are automatically indented when amount is entered. Do not indent manually. If he entry is required select "No Entry" or the account s and enter for the amount Round answers to decimal places, .. ,275)