The stockholders' equity accounts of Blossom Corporation on January $1,2027,$ were as follows.

During $2027,$ the corporation had the following transactions and events pertaining to its stockholders' equity.

Feb. $1$ Issued $5,200$ shares of common stock for $$31,200.$

Mar. $20$ Purchased $2,200$ additional shares of common treasury stock at $$7$ per share.

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\mathrm{.}60$ per share cash dividend to common stockholders of record on December $15,$ payable December $31,$

Dec. $31,$ Paid the dividend declared on December $1.($a$)$ Prepare a tabular summary that includes the January $1,2027,$ balances. Do not include the beginning balance in Retained

$($b$)$ Record the $2027$ transactions in the tabular summary.

Include margin explanations for the changes in revenues and expenses. $($Round answers to $0$ decimal places, e$.$g$.5,275.)$

Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses.

Increases in expenses require a negative sign or parentheses.

Increases in Discount on Bonds Payable require a negative sign or parentheses.

Increases in Treasury Stock require a negative sign or parentheses.Paid$-$in$-$Capital

eTextbook and MediaStockholders' Equity

Retained Earnings

Treasury Stock

Revenue

Expense

Dividend

$

$

$

$]$

$]$Retained Earnings

nue

Expense

Dividend

$

$

Common stock

Dividends

Interest expense

Paid$-$in$-$capital in excess of common stock

Paid$-$in$-$capital in excess of preferred stock

Preferred stock