2 (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 -Paid in Capital in Excess of Par Value, Common Stock $300,000 200,000 The following transactions occurred during 2021: -Retained Earnings 1. Feb. 20: Purchased 2,000 of its own shares for $ 15 per share. 500,000 2. March 10: Declared a $1 per share cash dividend on the outstanding common stock. 3. April 07: Paid the cash dividends declared early in March 10. 4. May 20: Sold all treasury shares for $16 each. 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 marke 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. Activate Windo Go to Settings to NOTE: If there is no entry, please write: "NO ENTRY" Required: Prepare Journal entries to record transactions that occurred during 2021