I need only part b please

Question 5 of 6 View Policies Current Attempt in Progress The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2022, were as follows. Preferred Stock (8%,$50 par, cumulative, 11,000 shares authorized) Common Stock ($1 stated value, 2,050,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,500 common shares) $ 400,000 1,000,000 120,000 1,400,000 1.750,000 42,000 1 During 2022. the corporation had the following transactions and events pertaining to its stockholders equity. Feb. Issued 25,500 shares of common stock for $115,000. Apr 14 Sold 5.700 shares of treasury stock-common for $33,200, Sept. 3 Issued 5.200 shares of common stock for a patent valued at $35,000 Nov. 10 Purchased 1,000 shares of common stock for the treasury at a cost of $6, 100. Dec 31 Determined that net income for the year was $405.000 No dividends were declared during the year Question 5 of 6 (a) Your answer has been saved. See score details after the due date. Journalize the transactions and the closing entry for net income. (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 required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit 115.00 co 0 ACUM A8 @WPX MacBook Pro * 299 4 % & 7 2 6 3 8 = 9 W E R Y O P. lov. 10 Treasury Stock 6,100 Cash 0 100 ec. 31 Income Summary 405,000 Retained Earnings 0 405.000 (b) Enter the beginning balances in the accounts, and post the journal entries to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Preferred Stock Pald-in Capital in Excess of Par-Preferred Stock . Common Stock . Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Paid-in Capital from Treasury Stock Treasury Stock e Textbook and Media Jan. 1 Bal. Feb. 1 Apr. 14 Sep. 3 Nov. 10 Dec. 31 Dec. 31 Bal. List of Accounts