The stockholders' equity accounts of Cheyenne Corp. on January 1,2022 , were as follows. During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 6,500 shares of common stock for $39,000. Mar. 20 Purchased 1,300 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 31,20 : Dec. 31 Determined that net income for the year was $365,000. 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. Round answers to 0 decimal places, e.g. 5,275.) Vov. 1 Dividends Payable 27,300 Cash 27,300 Jec. 1 Cash Dividends \begin{tabular}{|l||} \hline 197,600 \\ \hline \hline \end{tabular} Dividends Payable \begin{tabular}{||c||} \hline \hline 197,600 \\ \hline \end{tabular} \begin{tabular}{ll|l|} \hline Jec. 31( Income Summary & 365,000 \\ \hline \end{tabular} Retained Earnings 365,000 (To record net income) Retained Earnings \begin{tabular}{||c||} \hline \hline 224,900 \\ \hline \hline \end{tabular} Cash Dividends (To close cash dividends) Jec. 31 Dividends Payable \begin{tabular}{|r||} \hline \hline 197,600 \\ \hline \hline \end{tabular} \begin{tabular}{||c||} \hline \hline 224,900 \\ \hline \hline \end{tabular}