Journalize the transactions for the dates shown. Include entries to close net income and dividends to Retained Earnings.

The stockholders' equity accounts of Bonita Industries on January 1, 2022 were as follows. Preferred Stock (9%, $100 par noncumulative, 5,000 shares authorized) Common Stock ($10 stated value, 800,000 shares authorized) Paid-in Capital in Excess of Par Value - Preferred Stock Paid-in Capital in Excess of Stated Value - Common Stock Retained Earnings Treasury Stock (7.400 common shares) $520,000 1,460,000 67,000 880,000 850,000 59,200 Mar During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. w 1 Issued 6,600 shares of common stock for $90 per share. June 22 Purchased 2,000 additional shares of common treasury stock at $11 per share. Sept. Declared a 9% cash dividend on preferred stock, payable October 1. Oct. 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 1 1 Dec 1 31, 2022 31 Determined that net income for the year was $112.000. Paid the dividend declared on December 1