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The stockholders' equity accounts of Bramble Corp. on January 1,2022, were as follow5, During 2022, the corporation had the following transactions and events pertaining to

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The stockholders' equity accounts of Bramble Corp. on January 1,2022, were as follow5, During 2022, 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 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 31, 2 Dec. 31 Determined that net income for the year was $254,000. Paid the dividend deciared 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 occount titles and enter o for the amounts. Round answers to 0 decimal places, e.s. 5,275.) (To record net income) (To close cash dividends) (To record payment of cash dividends payable)

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