The stockholders equity accounts of Spinh Brothers Inc on January 1.2022 were as follow. Preferred Stock (8%, $100 par noncumulative. 5.000 shares authorised) 3500.000 Common Stock ($10 stated valur, 300,000 shares authorized LAODOO Paid-in Capital in Excess of Par Value-Preferred Stock 59.000 Paid in Capital in Excess of Stated Value - Common Stock 820.00 Retained Earning 140.000 Treasury Stock I.300 common shares) 70,400 Durbe 2022, the corporation had the following transaction and events pertaining to its stockholders equity inued 6.100 shares of common stock for $90 per share. Purchased 2,100 additional shares of common treasury stock at $11 per share. Declared a cash dividend on preferred stock payable October 1. Paid the dividend declared on September 1 Declared a 50.00 per share cash dividend to common stockholders of record on December 15 payable December 31.2022 01 Determined that set income for the year was $125.000. Paid the dividend secured on December 1 M 1 June 22 Sept 1 Ort 1 Dec 1 Journalize the transactions for the extes shown. Indude entries to close rart Income and dividends to Retailed Earnings Record Journal entries in the order presented in the problem edities or to indented when und Danoindent moruro entry requirect "No Entry for the accounts and enter for the one te Account Titles and Explanation Debit Credit 3100 GAN 0000 C 123400