Carla Vista paid no dividends during 2013. It records common and preferred dividends in separateliability accounts. Its stockholders equity consists of the following on January 1, 2014 $720.000 Stockholders' Equity Paid-in capital Capital stock Preferred stock, 4%.550 par value, cumulative, 80.000 shares authorised, 14.400 shares issued and outstanding Common stock no par $0.50 stated value, 1,000,000 shares authorized, 480,000 shares issued and outstanding Total capital stock Additional paid-in capital Paid-in capitalin excess of par value-preferred stock Pald-in capital in excess of stated value-common stock Total paid-in capital 240,000 960,000 $168.000 264.000 432,000 1.392.000 Retained earnings 936,000 Total stockholders' equity $2,328,000 Jan. 25 Prepare the appropriate journal entries, if any, for the following transactions in 2014. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Issued 9,600 shares of common stock for $12 per share. The Board of Directors declared a cash dividend on preferred and common stock totaling $74,400, payable on March 15, to stockholders of record on February 28. Feb. 28 Date of record for cash dividends on preferred and common stock Mar 15 Paid the cash dividend to preferred and common stockholders. July 7 Purchased 7, 200 shares of common stock for the treasury at $15 per share. Feb. 18 Date Account Titles and Explanation Debit Credit