The stockholders' equity accounts of Cullumber Corporation on January 1, 2025, were as follows. During 2025, the corporation had the following transactions and events pertaining to its stockholders' equity. Mar. 1 Issued 6,600 shares of common stock for $90 per share. June 22 Purchased 1,700 additional shares of common treasury stock at $11 per share. Sept. 1 Declared a 10% cash dividend on preferred stock, payable October 1. Oct. 1 Paid the dividend declared on September 1. Dec. 1 Declared a $0.70 per share cash dividend to common stockholders of record on December 15 , payable December 31,2025. 31 Determined that net income for the year was $118,000. Paid the dividend declared on December 1. Journalize the transactions for the dates shown. Include entries to close net income and dividends to Retained Earnings. (Record journal entries in the order presented in the problem. 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 0 for the amounts. List all debit entries before credit entries.) Common Stock Paid-in Capital in Excess of Stated Value-Common Stoc ne 22 Treasury Stock 18700 Cash Dividends 48500 Dividends Payable :t. 14 Dividends Payable :c. 1 Cash Dividends 98350 Dividends Payable :c. 31 Dividends Payable 98350 (To close net income) Income Summary Retained Earnings (To close dividends) Dividends Payable t,1 Dividends Payable Cish tc. 1 Cash Dividends c. 31 (Tu close net income) . 31 Inoorne Summary (To close dividends) (To record payment of the dividend declared on December 1) eTextbook and Media List of Accounts Siwe for Later Attempts: 2 of 5 used Subenit