The stockholders' equity accounts of Bonita Industries on January $1,2022,$ were as follows.

During $2022,$ the corporation had the following transactions and events pertaining to its stockholders' equity.

$31$ Determined that net income for the year was $$112,000.$ Paid the dividend declared on December $1.$

Journalize the transactions for the dates shown. Include entries to close net income and dividends to Retained Earnings. $($Record

journal entries in the order presented in the problem. 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 $0$ for the amounts.$)$