11. (15 points) On May 1, 2020, Altaire Corporation issued 1,000 shares of S1 par value common stock at $50 per share for cash. Use the following accounts for the journal entries below: Cash, Common Stock, Paid-in Capital, Treasury Stock, Retained Earnings, Dividends Payable. a) Prepare the Journal Entry to record the 1,000 share stock issue transaction above. b) On May 31, 2020 Altaire's board of directors declared a Dividend Payable to common stockholders on June 15, 2020. The total amount of the Dividend is S155,000. Prepare the Journal Entry to record the Dividend declaration. c) On June 15, 2020 Altaire paid the declared dividend in part b) in Cash. Prepare the Journal Entry to record this transaction. d) On September 1, 2020, Altaire Corporation purchased (Treasury Stock) 600 shares of its common stock at $54 per share. Prepare the Journal Entry to record this transaction. e) On December 12, 2020, Altaire reissued 500 shares of its Treasury Stock for $30,000 cash. Prepare the Journal Entry to record this transaction