Marigold Company reported the following amounts in the stockholders' equity section of its December 31. 2024, balance sheet. During 2025, Marigold took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2024$9 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2024. 2. Purchased 1,700 shares of its own outstanding common stock for $37 per share. Marigold uses the cost method. 3. Reissued 700 treasury shares for land valued at $29,500. 4. Issued 450 shares of preferred stock at $104 per share. 5. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $47 per share. 6. Issued the stock dividend. 7. Declared the annual 2025$9 per share dividend on preferred stock and the $2 per share dividend on common stock. The dividends are payable in 2026 . No. Account Titles and Explanation Debit Credit 1. Cash Common Stock Paid-in Capital in Excess of Par - Common Stock 2. Cash Preferred Stock 3. 4