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The stockholders' equity accounts of Indigo Corporation on January 1,2025, were as follows. During 2025, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb, 1 Issued 10,000 shares of commen stock for $60,000 Mar. 20 Purchased 2,000 additional shares of common treasury stock at $7 per share. Oct. 1 Deelared a 7\% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec. 1 Declareda $0.50 per share cash dividend to common stockholders of record on December 15 , payable December 31,2 Dee 31 Determined that net income for the year was $550,000. Paid the dividend declared on December 1. Journalize the transactions. (Include entries to close net income and dividends to Retained Earnings.) (Record entries in the order displayed in the problem statement. 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 0 for the amounts. List all debit entries before credit entries.) Enter the beginning balances in the accounts and post the journal entries to the stockholders' equity accounts. (Post entries in balance, the entry Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Cash Dividends Treasury Stock