Problem 11-2a (part level submission) the stockholders' equity accounts of blue spruce corp. on january 1, 2017, were as follows. preferred stock (796, $100 par noncumulative, 4,100 shares authorized) common stock ($5 stated value, 295,000 shares authorized) paid-in capital in excess of par value prefeed stock paid-in capital in excess of stated value common stock retained earnings treasury stock (4,100 common shares) $246,000 1,229,166 12,300 472,000 685,500 32,800 during 2017, the corporation had the following transactions and events pertaining to its stockholders equity feb. 1 issued 4,750 shares of common stock for $28,500 mar. 20 purchased 1,200 additional shares of common treasury stock at $7 per share oct. 1 declared a 7% cash dividend on preferred stock, payable november 1 nov. 1 paid the dividend declared on october 1 dec declared a $0.85 per share cash dividend to common stockholders of record on december 15, payable december 31, 2017. determined that net income for the year was $276,500. paid the dividend declared on december 1 dec. 31 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 o for the amounts. round answers to o decimal places, e. g. 5,275 dateaccount titles and explanation debit credit