The stockholders' equity accounts of Blue Spruce Corp. on January 1.2022 were as follows. Preferred Stock 17%. $100 par noncumulative, 3.500 shares authorized) Common Stock ($4 stated value. 210,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (3.500 common shares) $210.000 700,000 10.500 336,000 481.600 28.000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity, Feb. 1 Mar. 20 Oct 1 Nov 1 Dec 1 Dec. 31 Issued 3,500 shares of common stock for $21,000, Purchased 700 additional shares of common treasury stock at $7 per share. Declared a 7% cash dividend on preferred stock, payable November 1 Paid the dividend declared on October 1. Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31 Determined that net income for the year was $196,000. Pald 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 for the amounts. Round answers to decimal places, es 5.275.) Date Account Titles and Explanation Debit Credit