The stockholders' equity accounts of Flint Corporation on January 1, 2025, were as follows. During 2025, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 9,000 shares of common stock for $54,000. Mar. 20 Purchased 1,800 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 31,21 Dec. 31 Determined that net income for the year was $505,000. 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 occount titles and enter O for the amounts. List all debit entries before credit entries.) (b) Enter the beginning balances in the accounts and post the journal entries to the stockhoiders equity accounts. (Post entries in the order of journal entries recorded in the previous part For occounts thot have zero ending bolance, the entry should be the balance date and zero far the amount on the narmal side of the account) Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value-Common Stock