The stockholders equity accounts of Marigold Corp. on January 1, 2017, were as follows.

Preferred Stock (8%, $100 par noncumulative, 4,700 shares authorized)		$282,000
Common Stock ($4 stated value, 325,000 shares authorized)		1,083,333
Paid-in Capital in Excess of Par ValuePreferred Stock		14,100
Paid-in Capital in Excess of Stated ValueCommon Stock		520,000
Retained Earnings		701,000
Treasury Stock (4,700 common shares)		37,600

During 2017, the corporation had the following transactions and events pertaining to its stockholders equity.

Feb.	1		Issued 5,150 shares of common stock for $36,050.
Mar.	20		Purchased 1,300 additional shares of common treasury stock at $8 per share.
Oct.	1		Declared a 8% cash dividend on preferred stock, payable November 1.
Nov.	1		Paid the dividend declared on October 1.
Dec.	1		Declared a $0.85 per share cash dividend to common stockholders of record on December 15, payable December 31, 2017.
Dec.	31		Determined that net income for the year was $284,000. 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 account titles and enter 0 for the amounts. Round answers to 0 decimal places, e.g. 5,275.)

Date Account Titles and Explanation Debit Credit To record net income) To close cash dividends)