Your answer is partially correct. The stockholders' equity accounts of Swifty Corporation on January 1, 2022 were as follows. Preferred Stock (8%, $100 par noncumulative, 5,000 shares authorized) $450,000 Common Stock ($10 stated value, 800,000 shares authorized) 1.480,000 Paid-in Capital in Excess of Par Value -- Preferred Stock 58.000 Paid-in Capital in Excess of Stated Value - Common Stock 900,000 Retained Earnings 770,000 Treasury Stock (7,700 common shares) 61,600 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity Mar June Sept Oct. 1 22 1 1 Issued 6,000 shares of common stock for $80 per share, Purchased 1,800 additional shares of common treasury stock at $11 per share. Declared a 8% cash dividend on preferred stock, payable October 1, Pald the dividend declared on September 1 Declared a $0.80 per share cash dividend to common stockholders of record on December 15, payable December 31, 2022 Determined that net income for the year was $123,000. Pald the dividend declared on December 1. Dec 1 31 Question 11 of 12 2.39/3 Journalize the transactions for the dates shown. Include entries to close net income and dividends to Retained Earnings (Record joumal 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 for the amounts:) Date Account Titles and Explanation Debit Credit Mar. 1 V Cash 480,000 Common Stock 60000 Pald In Capital in Excess of Stated Value Common Stock 420.000 une 22 Treasury Stock 19,800 Cash 19.800 ept. 1 > Cash Dividends 36,000 Dividends Payable 36.000 Oct 1 > Dividends Payable 36,000 Cash 36,000 sect V Cash Dividends Dividends Payable Dec 17 (To paid the dividend declared on December 1) 123.000 123.000 (To dose net income) Joe J1 (To dose dividends)