The stockholders equity accounts of Bramble Corp, on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 14.000 shares authorized) $340,000 Common Stock (54 stated value, 840,000 shares authorized) 2.800,000 Paid-in Capital in Excess of Par Value -- Preferred Stock 42.000 Paid-in Capital in Excess of Stated Value-Common Stock 1,344.000 Retained Earnings 1.926,400 Treasury Stock (14,000 common shares) 112.000 Feb 1 Mar. 20 During 2022, the corporation had the following transactions and events pertaining to its stockholders equity Issued 14,000 shares of common stock for $84,000 Purchased 2,800 additional shares of common treasury stock at $7 per share. Declared a 7% cash dividend on preferred stock payable November 1 Pald 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 $785,000. Pald the dividend declared on December 1 Oct 1 Nov. 1 Dec 1 Dec 31 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 O for the amounts. Round answers to decimal places, es 5,275.) Sate Account Titles and Explanation Debit Credit 3.1 Cash 84.000 Common Stock 56,000 Paid-in Capital in Excess of Par Value-Common Stock 28.000 ur. 20 Treasury Stock 19.600 Cash 19.500 Cash Dividends 58.800 Dividends Payable 58 800 V.1 Dividends Payable 58.800 Cash S300 11 Cash Dividends 355600 Dividends Payable 35 c.31 Income Summary TAS Retained Earnings c. 1 Cash Dividends 355600 Dividends Payable 355600 c. 31 Income Summary 785000 Retained Earnings 785000 (To record net income) c.31 Retained Earnings 414400 Cash Dividends 4141 (To close cash dividends) c31 Dividends Payable 355600 Cash 355600 To record payment of cash dividends payable)