8 unlue Required information 0.66 points Required Information Required: 1. Record each of these transactions journal entry required" in the first account field.) transaction/event, select "No f no entry required for the questions displayed below.) (The following information applies Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value View transaction list common. As of the beginning of 2015, 450 shares of preferred stock and 5,500 shares of common stock have been issued. The following transactions affect stockholders equity Journal entry worksheet during 2015: 1 Issues 2,600 shares of common stock for $57 per share. March May 15 Repurchases 550 shares of treasury stock for $50 per share. Pays the cash dividends declared on December 1. Record the transaction. Reissues 350 shares of treasury stock purchased on May 15 for $55 per July share October 15 Issues 350 shares of preferred stock for $60 per share. Note: Enter debits before credits December 1 Declares a cash dividend n both common and preferred stock of $2.00 per Date General Journal Debit Credit share to all stockholders of record on December .(Hint DIvidends are not December 31, 2015 Dividends payable paid on treasury stock.) Cash December 31 Pays the cash dividends declared on December 1. Donnie Hilfiger has the following beginning balances in its stockholders equity accounts on January 1, 2015: Preferred Stock, $450; Common Stock, $55; Additional Paid-in Capital, $83,500; and Retained Eamings, $33,500. Net income for the year ended December 31, 2015, is $13,800. Record entry Clear entry View general journal Check my work Required Information 13. 66 points (The following information applies to the questions displayed below. 3. If the common shares were issued at $11 per share, at what average price per share were the preferred The stockholders' equity section Velcro World is presented here shares issued? per share Preferred shares issued price VELCRO WORLD Balance Sheet (partial) (S and shares in thousands) Stockholders' equity: Preferred stock, $1 par value 4100 Common stock, $1 par value 11,000 Additional paid-in capital 233,000 References eBook & Resources Total paid-in capital 248.100 Leaming Ob sheet and th Problem A Difficulty: Medium Retained earmings 269.000 (143,000) Treasury stock, 11,000 common shares Check my work Total stockholders' equity 374100 14. 0.66 points Based on the stockholders equity section of Velcro World, answer the following questions