The stockholders' equity accounts of Ayayai Corp. on January 1,2025, were as follows. During 2025, the corporation had the following transactions and events pertaining to its stockholders' equity. 1 Issued 2,500 shares of common stock for $15,000. 20 Purchased 500 additional shares of common treasury stock at $7 per share. 1 Declared a 7% cash dividend on preferred stock, payable November 1. 1 Paid the dividend deciared on October 1. 1 Declared a \$0.50 per share cash dividend to common stockholders of record on December 15, payable December 31,2025 . 31 Determined that net income for the year was $145,000. 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 O for the amounts. List all debit entries before credit entries.) Dec 31 Income Summary Retained Earnings (To close Income Summary and transfer net income to Retained Earnings) Dec31 Retained Earning: Cash Dividends (To close Cash Dividends to Retained Eamings) Dec31 Dividends Payable Cash (To record payment of cash dividends payable) eTextbook and Media List of Accounts Enter the beginning balances in the accounts and post the journal entries to the stockholders equity accounts. (Post entries in the order of journal entries recorded in the previous part. For accounts that have zero ending balance, the entry should be the balance date and zero for the amount on the normal side of the account.) Prepare the stockholders' equity section of the balance sheet at December 31,2025 . (Enter occount name only and do not provide