The stockholders equity accounts of Grouper Corp. on January 1, 2022, were as follows.

Preferred Stock (7%, $100 par noncumulative, 8,500 shares authorized)		$510,000
Common Stock ($4 stated value, 510,000 shares authorized)		1,700,000
Paid-in Capital in Excess of Par ValuePreferred Stock		25,500
Paid-in Capital in Excess of Stated ValueCommon Stock		816,000
Retained Earnings		1,169,600
Treasury Stock (8,500 common shares)		68,000

During 2022, the corporation had the following transactions and events pertaining to its stockholders equity.

Feb.	1		Issued 8,500 shares of common stock for $51,000.
Mar.	20		Purchased 1,700 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, 2022.
Dec.	31		Determined that net income for the year was $477,000. Paid the dividend declared on December 1.

Enter the beginning balances in the accounts and post the journal entries to the stockholders equity accounts. (Post entries in the order of journal entries posted in the previous part. For accounts that have zero ending balance, the entry should be the balance date and zero for the amount.)