Current Attempt in Progress The stockholders' equity accounts of Concord Corporation on January 1, 2022, were as follows. Preferred Stock (10%, $100 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 Paid in Capital in Excess of Stated Value -- Common Stock 810,000 Retained Earnings 820.000 Treasury Stock (8,100 common shares) 64.800 LEGOCCCCCCCCCCCCCCCC Mar June During 2022, the corporation had the following transactions and events pertaining to its stockholders equity. Issued 6,900 shares of common stock for $85 per share Purchased 2,000 additional shares of common treasury stock at $11 per share, Sept. Declared a 10% cash dividend on preferred stock, payable October 1 Paid the dividend declared on September 1 Declared a $0.70 per share cash dividend to common stockholders of record on December 15, payable December 31, 2022 Determined that net income for the year was $110,000. Paid the dividend declared on December 1 1 22 1 Oct. 1 Dec 1 31 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 are automatically indented when amount is entered. Do not indent manually Inn entry wat 'No Entry for the arrunt til venter for the amount