The stockholders' equity accounts of Sheffeid Corp, on Janvary 1,2025, were as follows, Durine 2025 , the corporation had the following transactions and ewents pertaining to its stockholders equity Feb. 1 lisued 4,000 shares of common stock for $24,000 Mar. 20 Purchased 800 additional shares of common treasury stock at $7 per share. Oct 1 Declared a 75 cash dividend on preferred stock, payable November 1. Nov, 1 Paid the dividend deciared on October 1. Dec. 1 Declared a 50.50 per share cash dividend to common stockholders of record on December 15, payable December 31.2 Dec. 31. Determined that net income for the year was \$225,000. Paid the dividend declaced on December 1. Joumalise the transactions, (Inclode entries to close net income and dividends to Retained Earnings) Recond entrles in the onder Mac:20 oat * Non 1 (To close Income Summary and transfer net income to Retained Earnings) Dec1 (To dose Cash Dividends to Retained Earnings) Dacis at suppo: (To record poyment of cash dividends payable)