The stockholders' equity accounts of Ivanhoe Corporation on January 1, 2025, were as follows. Preferred Stock (9%, $100 par noncumulative, 5,000 shares authorized) Common Stock ($10 stated value, 800,000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (7,800 common shares) Mar. 1 Issued 6,200 shares of common stock for $80 per share. June 22 Sept. 1 Oct. 1 Dec. 1 $465,000 During 2025, the corporation had the following transactions and events pertaining to its stockholders' equity. 31 1,400,000 64,000 840,000 850,000 62,400 Purchased 2,000 additional shares of common treasury stock at $11 per share. Declared a 9% cash dividend on preferred stock, payable October 1. Paid the dividend declared on September 1. Declared a $0.60 per share cash dividend to common stockholders of record on December 15, payable December 31, 2025. Determined that net income for the year was $112,000. 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.)

The stockholders' equity accounts of Ivanhoe 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 6,200 shares of common stock for $80 per share. June 22 Purchased 2,000 additional shares of common treasury stock at $11 per share. Sept. 1 Declared a 9% cash dividend on preferred stock, payable October 1 Oct. 1 Paid the dividend declared on September 1. Dec. 1 Declared a $0.60 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 $112,000. 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 outomatically indented when amount is entered. Do not indent manuolly. 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.) Date Account Tities and Explanation Debit Credit (To close net income) (To close dividends) (To record payment of the dividend declared on December 1)