Can anyone help me solve the attached file? How do I journalize the transactions

Problem 14-2A (Part Level Submission) The stockholders' equity accounts of Karp Company at January 1, 2017, are as follows. Preferred Stock, 6%, $50 par Common Stock, $3 par Paid-in Capital in Excess of ParPreferred Stock Paid-in Capital in Excess of ParCommon Stock Retained Earnings $590,000 471,000 185,000 296,000 761,000 There were no dividends in arrears on preferred stock. During 2017, the company had the following transactions and events. July 1 Aug. 1 Sept. 1 Dec. 1 15 31 31 Declared a $0.90 cash dividend per share on common stock. Discovered $28,000 understatement of depreciation expense in 2016. (Ignore income taxes.) Paid the cash dividend declared on July 1. Declared a 15% stock dividend on common stock when the market price of the stock was $20 per share. Declared a 6% cash dividend on preferred stock payable January 15, 2018. Determined that net income for the year was $362,000. Recognized a $219,000 restriction of retained earnings for plant expansion. Journalize the transactions, events, and closing entries for net income and dividends. (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 0 for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To close net income) (To close cash dividends) (To close stock dividends)