Current Attempt in Progress The stockholders' equity accounts of Martinez Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 10,500 shares authorized) $630,000 Common Stock ($4 stated value, 630,000 shares authorized) 2,100,000 Paid-in Capital in Excess of Par Value-Preferred Stock 31,500 1,008,000 Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,500 common shares) 1,444,800 84,000 During 2022. the corporation had the following transactions and events pertaining to its stockholders' equity Feb. 1 Mar. 20 Oct. 1 Nov. 1 Dec. 1 Dec. 31 Issued 10,500 shares of common stock for $63,000. Purchased 2.100 additional shares of common treasury stock at $7 per share. Declared a 7% cash dividend on preferred stock, payable November 1. Paid the dividend declared on October 1. Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31 Determined that net income for the year was $590,000. Paid the dividend declared on December 1. (a) Enter the beginning balances in the accounts and post the journal entries to the stockholders' equity accounts. (Post entries i the order of journal entries posted in the previous part. For accounts that have zero ending balance, the entry should be the balance date and zero for the amount.) Preferred Stock Common Stock Paid-in Capital in Excess of Par Value-Preferred Stock 0 Paid-in Capital in Excess of Stated Value-Common Stock eTextbook and Media eTextbook Video Retained Earnings Cash Dividends Treasury Stock Assistance Used