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. Declared a 7% cash dividend on preferred stock, payable November 1. 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 31, 2 Determined that net income for the year was $195,000. Paid the dividend declared on December 1. 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.) Preferred Stock 1/1 Bal. 12/31 Bal. Paid-in Capital in Excess of Par-Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value-Common Stock 210000 210000 Retained Earnings Cash Dividends Treasury Stock