1. Northwest Clothing Supply has the following transactions during the year related to stockholders' equity January 1 Issues 3,000 shares of no-par common stock for $20 per share. March 15Issues 800 shares of $20 par value preferred stock for $22 per share. December 1 Declares a cash dividend of S1 per share to all stockholders of record (both common and preferred) on October 15. December 15 Date of record. December 31 Pays the cash dividend declared on October 1. Record each of these transactions as journal entries. Create Journal Entries for Jan 1-Dec. 31st transactions