The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2022, 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 Value-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 2022, 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 December 3 Determined that net income for the year was $195,000. Paid the dividend declared on December 1. (a) 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 MacBook Air