Problem 11-03A (Part Level Submission) On December 31, 2021, Blossom Company had 1,250,000 shares of $5 par common stock issued and outstanding. At December 31, 2021, stockholders' equity had the amounts listed here. Common Stock Additional Paid-in Capital Retained Earnings $6,250,000 1,710,000 1,100,000 Transactions during 2022 and other information related to stockholders' equity accounts were as follows. 1. On January 10, issued at $105 per share 110,000 shares of $100 par value, 7% cumulative preferred stock. 2. On February 8, reacquired 10,000 shares of its common stock for $10 per share. 3. On May 9, declared the yearly cash dividend on preferred stock, payable June 10, to stockholders of record on May 31. 4. On June 8, declared a cash dividend of $1.00 per share on the common stock outstanding, payable on July 10, to stockholders of record on July 1. 5. Net income for 2022 was $3,510,000. (a Record the journal entries that are required for items 1-5 above. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented wl entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 10 Cash Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stod Feb. 8 Treasury Stock Cash May 9 Retained Earnings Dividends Payable Jun. 8 Retained Earnings Dividends Payable Dec. 31 Income Summary Retained Earnings (To dose net income) (To dose cash dividends)