(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 $300,000 Past in Capital in Excess of Par Value, Common Stock Retained Earnings The following transactions occurred during 2021: $200,000 500,000 131 1. Feb. 20: Purchased 2,000 of its own shares for $ 18 per share 3.Apr 07 Paid the cash dividends declared early in March 10, 2. March 10. Declared a $2 per share cash dividend on the outstanding common stock 4. May 20 Sold all treasury shares for $19 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 market value of stock on Oct. 1 was $14 per shar 6.Dec. 10: Ostributed 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. NOTE: If there is no entry.please write: "NO ENTRY" Required: Prepare Journal entries to record transactions that occurred during 2021. CLEARLY INDICATE THE DEBITS & CREDITS Example on 1 January 2020, XYZ Company pays $10,000 cash to purchase land 11/2020 Dr. Lang 10.000 Cr. Cash 10.000