Practice problem cannot figure it out!!

1) The following selected transactions took place during the current year for a company: Feb. 25--Declared a $2.50 per share cash dividend on 20,000 shares of common stock outstanding. Mar. 20--Paid the cash dividends declared on Feb. 25. Dec. 31--Closed the $72,000 credit balance in Income Summary that reflects net income to Retained Earnings. Prepare the journal entries for these transactions (12 points). Date Account Title Debit Credit Feb. 25 Mar. 20 Dec. 31