The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2025, were as follows. Preferred Stock (7%, $100 par noncumulative, 3,500 shares authorized) $210,000 Common Stock ($4 stated value, 210,000 shares authorized) 700,000 Paid-in Capital in Excess of Par-Preferred Stock 10,500 Paid-in Capital in Excess of Stated Value-Common Stock 336,000 Retained Earnings 481,600 Treasury Stock (3,500 common shares) 28,000 During 2025, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 3,500 shares of common stock for $21,000. Mar. 20 Purchased 700 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 Dec. 1 Dec. 31 Paid the dividend declared on October 1. Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable Decemb Determined that net income for the year was $195,000. Paid the dividend declared on December 1. 10 of 10 Call Paid-in Capital in Excess of Stated Value Common Stock ary Cal CD 3 D Cash Dividend Castri 4 888 95 3 6 MacBook Pro E R T Y D F C > 21000 4500 24500 24500 47 4 8 G H B N J 7500 0.22/1 14000 24500 24500 $7500 - 9 ' I 0 K M V- * L command