Soumalize and pont trunsactionx, and P13.3A (LO1,2,3) | The stockholders' equity accounts of Castle Corporation prepare stockholders' equity section. on January 1,2020, were as follows. GLS During 2020, the corporation had the following transactions and events pertaining to its stocklwolders' equity. Feb. I Issued 25,000 shares of common sock for $120,000. Apr. 14 Sold 6,000 shares of treasury stock-common for $33,000. Sept. 3 Issued 5,000 shares of common stock for a patent valued at $35,000. Nov, 10 Purchased 1,000 shares of common stock for the treasury at a cost of $6,000. Dec, 31 Determined that net income for the year was S52,000. No dividends were declared during the year. Instructions a. Journalize the transactions and the closing entry for net income. b. Enter the beginning balances in the accounts, and post the journal entries to the stockholders' equity c. Total stockholders' equity accounts. (Use J5 for the posting reference.) $5,350,000 c. Prepare a stockholders' equity section at December 31, 2020