The stockholders' equity accounts of sigma corporation on january 1, 2010, were as follows. preferred stock (8%, $100 par noncumulative, 5,000 shares authorized) $300,000 common stock ($5 stated value, 300,000 shares authorized) 1,000,000 paid-in capital in excess of par value - preferred stock 15,000 paid-in capital in excess of stated value - common stock 480,000 retained earnings 688,000 treasury stock - common (5,000 shares) 40,000 during 2010 the corporation had these transactions and events pertaining to its stockholders' equity. feb. 1 issued 5,000 shares of common stock for $30,000. mar. 20 purchased 1,000 additional shares of common treasury stock at $7 per share. oct. 1 declared a 8% cash dividend on preferred stock, payable november 1. nov. 1 paid the dividend declared on october 1. dec. 1 declared a $0.50 per share cash dividend to common stockholders of record on december 15, payable december 31, 2010. dec. 31 determined that net income for the year was $280,000. paid the dividend declared on december 1. journalize the transactions. (include entries to close net income to retained earnings. list multiple debit/credit entries from largest to smallest amount, e. g. 10, 5, 2.) date account/description debit credit feb. 1 cash 30,000 common stock 25000 paid-in capital in excess of stated value-common stock 5000 mar. 20 treasury stock 7000 cash 7000 oct. 1 cash dividends 24000 dividends payable 24000 nov. 1 dividends payable 24000 cash 24000 dec. 1 cash dividends ? dividends payable ? dec. 31 income summary 28 retained earnings 28 (to close income summary) ? ? (to close dividends) ? ? (to pay dividends)