Current Attempt in Progress The stockholders' equity accounts of Nash's Trading Post, LLC on January 1, 2022, were as follows. Preferred Stock (8%, $100 par noncumulative, 5.000 shares authorized) $430,000 Common Stock ($10 stated value, 800,000 shares authorized) 1,580,000 Paid-in Capital in Excess of Par Value-Preferred Stock 52,000 Paid-in Capital in Excess of Stated Value - Common Stock 930,000 Retained Earnings 840,000 Treasury Stock (8,600 common shares) 68,800 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Mar 1 Issued 6,600 shares of common stock for $85 per share. June 22 Purchased 1,400 additional shares of common treasury stock at $11 per share. Sept. 1 Declared a 8% cash dividend on preferred stock, payable October 1. Oct. 1 Paid the dividend declared on September 1. Declared a $0.60 per share cash dividend to common stockholders of record on December 15, payable December 31, Dec. 1 2022. 31 Determined that net income for the year was $113,000. 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 are automatically indented when amount is entered. Do not indent manually. If no entry is reavired select "No Entry" for the account titles and enter O for the amounts) Mar 1 Cash 561000 Common Stock 66000 Paid-in Capital in Excess of Par Value-Common Stock 495000 June 22 V Treasury Stock 15400 Cash 15400 Sept. 1 V Retained Earnings 34400 Dividends Payable 34400 Oct. 1 > Cash Dividends 34400 Dividends Payable 34400 Dec. 1 Retained Earnings Cash (To close net income)