The stockholders' equity accounts of Bramble Corp. on January 1, 2017, were as follows. ort Preferred Stock (7%, $100 par noncumulative, 14,000 shares authorized) $840,000 Common Stock ($4 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 During 2017, the corporation had the following transactions and events pertaining to its stockholders equity. Feb. 1 Issued 14,000 shares of common stock for $84,000. Mar. 20 Purchased 2,800 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 Paid the dividend declared on October 1. Dec 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15. payable December Dec 31 Determined that net income for the year was $785,000. Paid the dividend declared on December 1. 2012 N UD TIL a datlon Debit Credit Feb. 1 cash 84,000 Common Stock 14,000 Paid-in Capital'in Excess of Stated Value-Common Stock 1,344,000 111200 Mar. 20 Treasury Stock 11200 Cash Oct. 1 Cash Dividends Dividends Payable Dividends Payable Nov. 1 Cash Cash Dividends Dec. 1 Dividends Payable of journal entries posted in the previous part.) Preferred Stock 840,000 1/1 Bal. 840,000 1/1 Bal. Common Stock 2,800,000 1/1 Bal. 1/1 Bal. 2/1 2/1 Paid-in Capital in Excess of Par Value Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock