journalize : The Stockholder's equity accounts of Martinez corp. on January 1, 2025, 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- Preferred Stock 31,500 Paid-in Capital in Excess of Stated Value- Common Stock 1,008,000 Retained Earnings 1,444,800 Treasury Stock (10,500 common shares) 84,000 During 2025, The corporation had the following transactions and events pertaining to its stockholder's equity. February: The company issued 10,500 shares of common stock for $63,000. March: Grouper Corp. purchased 2,100 additional shares of common treasury stock at a price of $7 per share. October: The company declared a 7% cash dividend on preferred stock, payable on November 1. November: paid the dividend declared on October1 December: The company declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable on December 31, 2025. December 31 Determined that the net income for the year was $590,000, and the company paid the dividend declared on December 1