Current Attempt in Progress The stockholders' equity accounts of Windsor, Inc. on January 1, 2022, were as follows. $415,000 Preferred Stock (8%, $100 par noncumulative, 5,000 shares authorized) Common Stock ($10 stated value, 800,000 shares authorized) 1,400,000 Paid-in Capital in Excess of Par Value-Preferred Stock 57,000 Paid-in Capital in Excess of Stated Value - Common Stock 870,000 Retained Earnings 740,000 Treasury Stock (7,800 common shares) 62,400 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Mar 1 Issued 6,800 shares of common stock for $80 per share. June 22 Purchased 2,000 additional shares of common treasury stock at $11 per share. Declared a 8% cash dividend on preferred stock, payable October 1. Sept. 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, 2022. Dec. 1 31 Determined that net income for the year was $123,000. Paid the dividend declared on December 1. Date Account Titles and Explanation Debit Credit Mar. 1 Cash 544000 Common Stock 68000 Pald-In Capital In Excess of Stated Value-Common Stock 476000 June 22 Treasury Stock 22000 Cash 22000 Sept. 1 Stock Dividends 33200 Dividends Payable 33200 Sept. 1 Dividends Payable 33200 Cash 33200 1. TOMADADADORAS Dec. 1 Stock Dividends 82200 Dividends Payable 82200 Dec. 31 Income Summary 123000 123000 Retained Earnings (To paid the dividend declared on December 1) Dec. 31 Retained Earnings 115400 Cash Dividends 115400 (To close net income) Dec. 31 Dividends Payable 82200 Cash 82200 (To close dividends)