26) Patrick Corporation is authorized to issue 1,000,000 shares of $1 par value common stock. During 2020, the company has the following stock transactions. Journalize the transactions for Patrick Corporation. (this company has NO preferred stock) (a) Jan. 15 Issued 700,000 shares of stock at $7 per share. (b) Sept. 5 Purchased 20,000 shares of common stock for the treasury at $8 per share. (c) Dec. 6 Declared a $0.50 per share dividend to stockholders of record on December 20, payable January 3, 2021.