Problem 11-2A The stockholders' equity accounts of Bridgeport Corp. on January 1, 2017, were as follows Preferred stock (7%, $100 par noncumulative, 4,300 shares authorized) $258,000 Common stock ($4 stated value, 305,000 shares authorized) 1,016,666 paid in Capital in Excess of par value-preferred stock 12,900 paid-in capital in Excess of stated value-common stock 488,000 Retained Earnings 699,500 Treasury Stock (4,300 common shares) 34,400 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity Feb. 1 Issued 5,470 shares of common stock for $38,290. Mar. 20 Purchased 1,000 additional shares of common treasury stock $8 per share. at oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1 Nov. 1 Paid the dividend declared on october 1. Dec. 1 Declared a $0.75 per share cash dividend to common stockholders of record on December 15, payable December 31, 2 Dec. 31 Determined that net income for the year was $280,500. Paid the dividend declared on December 1. Your answer is partially correct. Try again. Journalize the transactions. de entries to dose net income and dividends to Retained Earnings, (Record entries in the or for the titles are automatically when amount is entered. Do not indent manually. If no entry is required, s amounts. Round answers to o decimal places, eg. 5,275.) Date Account Titles and Explanation Debit Credit