(8 Marks] Ghatani Corporation reports the following stockholders' equity section on December 31, 2020. - Common stock; $5 par value; 400,000 shares authorized; 120,000 shares issued and outstanding .........essesassessereeseassesses409490949:$28210summitmm $ 600,000 - Paid-in capital in excess of par value, common stock -Retained earnings. -400,000 Total $1,165,000 Ghatani Corporation completed the following transactions related to stockholders equity in 2021. 1- Feb. 15, Directors declared a $1.00 per share cash dividend payable on March 31 to the Feb. 25 stockholders of record. 2- Mar. 01, Purchased 5,000 shares of its own common for $10 per share. 3- Mar. 31, Paid the cash dividend declared on Feb. 15. 4- July 10, Sold 2,000 of its treasury shares at $10 cash per share. 5- Oct. 25, Directors declared a 30% stock dividend when the share market price is $5. 6- Dec. 01, Distributed stock dividends declared on Oct. 25. 7- Dec. 15, The company implemented 3-for-2 stock split for its common stock. 8- Dec. 31, Closed the $100,000 credit balance in the Income Summary account (from net income). Required: Prepare journal entries to record each of these transactions for 2021 CLEARLY INDICATE THE DEBITS & CREDITS Example: XYZ Company pay's 510,000 cash to purchase land Dr. Land 10,000 Cr. Cash 10,000 For the toolbar. press ALT-F10 (PC) or ALT-FN-F10 (Mack