1 (7.5 Grades) Hamad Town Company had the following balances in the stockholders' equity accounts at Dec. 31, 2020 Common stock, $10 par, 50,000 shares authorized, 30,000 shares issued and outstanding Retained Eamings Paid in Capital in Excess of Par Value, Common Stock The following transactions occurred during 2021: 2. March 10 Declared a $1 per share cash dividend on the outstanding common stock 1. Feb. 20, Purchased 2,000 of its own shares for $15 per share 3. April 07, Paid the cash dividends declared early in March 10 4. May 20 Sold all treasury shares for $16 each $300,000 200,000 500,000 5. Oct. 1. Declared 10% stock dividends on the outstanding common stock for the record of Nov. 1 and to be distributed on Dec. 10, The market value of stock on Oct 1 was $14 per share. 6 Dec 10, Distributed the shares which declared on Oct. 1. 7. Dec. 25: Implemented a 2-for-1 stock split, when the market value of stock was $26 per share. NOTE: If there is no entry, please write: "NO ENTRY" Required: Prepare Journal entries to record transactions that occurred during 2021