The stockholders' equity accounts of Bramble Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 14,000 shares authorized) Common Stock ($4 stated value, 840,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (14,000 common shares) $340,000 2,800,000 42,000 1,344,000 1,926,400 112,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equi Feb. 1 Mar. 20 Oct. 1 Nov. 1 Dec. 1 Dec. 31 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. Paid the dividend declared on October 1. Declared a $0.50 per share cash dividend to common stockholders of record on December 15, Determined that net income for the year was $785,000. Paid the dividend declared on Decembe Journalize the transactions. (Include entries to close net income and dividends to Retained Earnings.) (Rei decimal places, e.g. 5,275.) Date Account Titles and Explanation Credit Debit 84000 Feb. 1 Cash Common Stock 56000 Paid-in Capital in Excess of Par Value-Common St 28000 Mar. 20 Treasury Stock 19600 Cash 19600 Oct 1 Cash Dividends 58800 Dividends Payable 58800 Nov. 1 Dividends Payable 58800 Cash 58800 Dec. 1 Cash Dividends 155600 Dividends Payable 355600 Dec. 31 Income Summary 785000 Retained Earnings (To record net income) Dec. 31 Retained Earnings 414400 Cash Dividends 414400 (To cose cash dividends) Dec. 31 Dividends Payable 355600 Cash 355600 Paid in Capital in tens of Par Value Preferred Stock Puid in Capital in Excms of stated Value Commen Stock Butained in HOW LIST OF ACCOUNTS UNT TEXT Prepare the stockholders' w on of the balance sheet at December 31, 2022 Partial Balance Sheet HOW LIST OF ACCOUNTS LINK TO TEXT Calculate the payout rati n g push and return on common ockholders . (Note: Use the common shares Payout ratio Rauman common stockholm ily