The stockholders' equity accounts of Bramble Corp. on January 1, 2025, were as follows. Preferred Stock (7%, $100 par noncumulative, 4,500 shares authorized) $270,000 Common Stock ($4 stated value, 270,000 shares authorized) 900,000 Paid-in Capital in Excess of Par-Preferred Stock 13,500 Paid-in Capital in Excess of Stated Value-Common Stock 432,000 Retained Earnings 619,200 Treasury Stock (4,500 common shares) 36,000 During 2025, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 4,500 shares of common stock for $27,000. Mar. 20 Purchased 900 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 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 Dec. 31 Determined that net income for the year was $254,000. Paid the dividend declared on December 1. 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. List all debit entries before credit entries.) Date Account Titles and Explanation Feb. 1 Cash Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Mar. 20 Treasury Stock Oct. 1 Nov. 1 > Cash Cash Debit 27000 6300 18900 18900 Credit 18000 9000 6300 18900 18900 Dec. 1 Dec. 31 (To close Income Summary and transfer net income to Retained Earnings) Dec. 31 Retained Earnings Dividends Payable (To close Cash Dividends to Retained Earnings) Dec. 31 pay Cash (To record payment of cash dividends payable) 112050 254000 130950 112 050 112050 254000 130950 112050 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 Paid-in Capital in Excess of Par-Preferred Stock > Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Cash Dividends Treasury Stock