15 (7.5 Grades) Hamad Town Company had the following balances in the stockholders' equity accounts at Dec. 31, 2020 Common stock, $20 par, 100,000 shares authorized, 30,000 shares issued and outstanding -Paid in Capital in Excess of Par Value, Common Stock $600,000 400,000 1,000,000 2. March 10 Declared a $1 per share cash dividend on the outstanding common stock -Retained Earnings The following transactions occurred during 2021: 1. Feb 20, Purchased 4,000 of its own shares for $ 30 per share 3. April 07 Paid the cash dividends declared early in March 10 4. May 20, Sold all treasury shares for $32 each 5.Oct. 1. Declared 10% slock 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 won $20 per share 6. Dec. 10. Distributed the shares which declared on Oct. 1 7. Dec. 25, Implemented a 2-for-1 stock spit, 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