financial accounting

The stockholders’ equity accounts of Castle Corporation on January 1, 2015, were as follows.

Preferred Stock (8%, $50 par, cumulative, 10,200 shares authorized)		$  390,000
Common Stock ($1 stated value, 1,947,000 shares authorized)		1,007,300
Paid-in Capital in Excess of Par—Preferred Stock		118,800
Paid-in Capital in Excess of Stated Value—Common Stock		1,411,400
Retained Earnings		1,847,600
Treasury Stock (10,500 common shares)		52,500

During 2015, the corporation had the following transactions and events pertaining to its stockholders’ equity.

Feb.	1		Issued 25,000 shares of common stock for $121,600.
Apr.	14		Sold 5,800 shares of treasury stock—common for $33,900.
Sept.	3		Issued 4,700 shares of common stock for a patent valued at $34,100.
Nov.	10		Purchased 1,100 shares of common stock for the treasury at a cost of $6,100.
Dec.	31		Determined that net income for the year was $401,700.

No dividends were declared during the year.

Journalize the transactions and the closing entry for net income. (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.)

Date	Account Titles and Explanation	Debit	Credit
Feb. 1	[removed]	[removed]	[removed]
	[removed]	[removed]	[removed]
	[removed]	[removed]	[removed]
Apr. 14	[removed]	[removed]	[removed]
	[removed]	[removed]	[removed]
	[removed]	[removed]	[removed]
Sept. 3	[removed]	[removed]	[removed]
	[removed]	[removed]	[removed]
	[removed]	[removed]	[removed]
Nov. 10	[removed]	[removed]	[removed]
	[removed]	[removed]	[removed]
Dec. 31	[removed]	[removed]	[removed]
	[removed]	[removed]	[removed]