The stockholders' equity accounts of NeverBrokaAgain, Inc., at January 2021, are as follow Preferred Stock. 5100 pa.7% 3500.000 Common Stock $10 per 800.000 Paid-in Capital in Excess of Par-Pretarred Stock 100,000 Pald-in Capital in Excess of Par. Common Stock 200.000 Retained Earnings 500.000 There were no dividends in arrears on preferred stock. During 2021, the company had the following transactions and events December 31 Determined that net income for the year was $350.000 INSTRUCTIONS Journalize the closing transaction. Follow the following instructions to receive credit. 1. Date should be spelled correctly and written as Month Day (ex. February 4), 2. Credit account titles are automatically indented when title is entered. Do not indent manually 3. Account titles must be spelled correctly. 4. Do not key S-signs within journal entries Date Account Titles and Explanation Debit Credit