The stockholders' equity accounts of Flint Corporation on January 1, 2017, were as follows. Preferred Stock (896, $100 par noncumulative, 5,000 shares authorized) Common Stock ($4 stated value, 300,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (5,000 common shares) $300,000 1,000,000 15,000 480,000 686,500 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Mar. 20 Oct. 1 Nov. 1 Dec. 1 Dec. 31 Issued 5,000 shares of common stock for $30,000. Purchased 1,000 additional shares of common treasury stock at $7 per share. Declared a 8% cash dividend on preferred stock, payable November 1. Paid the dividend declared on October 1. Declared a $0.60 per share cash dividend to common stockholders of record on December 15, yable December 31, 2017. Determined that net income for the year was $276,100. Paid the dividend declared on December 1 Journalize the transactions. (Include entries to close net income statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No E the account titles and enter O for the amounts. Round answers to O decimal places, e.g.5,275.) and dividends to Retained Earnings.) (Record entries in the order displayed in the problem Credit