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 (To paid the dividend declared on December 1) (To close net income) (To close dividends)