3. A company has 100,000 shares of S5 par value common stock outstanding. Prepare journal entries to record the following selected transactions that Occurred during the company's third year of operations. (17 pts) Sold 102,000 shares of common stock for $8 cash per share Exchanged 10,500 shares for equipment with a market value of $80,000 Purchased 9,000 shares of treasury stock for $17 per share Declared a $2 per share cash dividend on shares of stock outstanding Paid cash dividends declared on March 25 Sold 4,000 shares of treasury stock for $15 per share Declared a 10 % common stock dividend with a market price of S16 Distributed the stock dividend Sold 2,000 shares of treasury stock for $18 per share Jan. 10 Jan. 15 March 1 March 25 April 20 May 5 3 July Aug Oct 1 12