2 .. Required information (The following information applies to the questions displayed below.) Part 2 of 3 Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, $5 par value. During the first year, the company earned $300,000 of net income, declared no dividends, and the following selected transactions occurred in the order given: 14.28 points 8 03:19:35 a. Issued 120,000 shares of the common stock at $45 cash per share. b. Reacquired 15,000 shares at $40 cash per share. C. Reissued 5,000 shares from treasury for $41 per share. d. Reissued 5,000 shares from treasury for $39 per share. Skipped Print 2. Prepare journal entries to record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View transaction list Journal entry worksheet 1 2 3 4 Record the issuance of 120,000 shares of common stock with a $5 par value for a price of $45 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit a Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the re-issuance of 5,000 shares of treasury stock previously purchased for a price of $40 per share and sold for $41 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet