On December 31, 2021, Bryant Company had 600,000 shares of $1 par common stocksued and outstanding. At that date, stockholders' equity had the amounts listed below. ACCOUNT Amount Common Stocks par value $600.000 Additional pain capit.CIS 900.000 Theredaming 1.000.00 During 2022 the following transactions occurred: January : lesund 12,000 shares of $50 per value0% cumulative preferred stock for $52 per share Date Account Titles and Explanation Rel Dehu Credit February : Reacquired 15,000 shares of treasury stock for per share. Date Account Tibes and Explanation Rar Debli Credit May 1: Declared a cash dividend on preferred stock payable on June 12 to stockholders of record on May 31. Date Account Tides and Explanation TRA Tebe Credit I June 10: Declared a cash dividend on common stock of $1.00 per share payable on July 10 to stockholders of record on July 1. Data Account Titles and Explanation Rel Credit July 10: Pald both preferred and common stock dividende Account Titles and Explanation Rere Crede December 31: Not Income for the year was $2,400,000 DO Account Titles and Explanation HT December 31: Closed dividend account into Retained Earnings Dat TATI Rain TRADE June 10: Declared a cash dividend on common stock of $1.00 per share payable on July 10 to stockholders of record on July 1. Date Account Titles and Explanation Ref Debit Credit July 10: Paid both preferred and common stock dividends. Date Account Titles and Explanation Ref Debit Credit December 31: Net income for the year was $2,400,000. Date Account Titles and Explanation Ref Debit Credit December 31: Closed dividend account into Retained Earnings. Date Account Titles and Explanation Ref Debit Credit P/S CR APIC: P/S CR RE CR DR DR DR C/S CR APIC: C/S CR T/S CR DR DR DR