100 points Exercise 10-9 Record common stock, treasury stock, and cash dividends (L010-2, 10-4, 10-5) Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2018 March 1 Issues 48,000 additional shares of $1 par value common stock for $45 per share. June 1 Declares a cash dividend of $1.15 per share to all stockholders of record on June 15. (Hint Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1 October 21 Reissues 2,150 shares of treasury stock purchased on May 10 for $53 per share. Required: Record each of these transactions. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field.)