: Bottom Dollar Furniture, Inc. completed the following treasury stock transactions in 2016: 1-Dec Purchased 1,800 shares of the companys $1 par value common stock as treasury stock, paying cash of $6 per share. 15-Dec Sold 300 shares of the treasury stock for cash of $9 per share. 20-Dec Sold 700 shares of the treasury stock for cash of $2 per share. (Assume the balance in paid-in capital from treasury stock transactions on December 20 is $2,700.) Based on this data, journalize these transactions using worksheet. Task 2: Bottom earned net income of $95,000 during the year ended December 31, 2016. On December 15, Bottom declared the annual cash dividend on its 2% preferred stock (par value, $128,000) and a $0.75 per share cash dividend on its common stock (65,000 shares). It then paid the dividends on January 4, 2017. Based on this data, complete the following tasks using worksheet a. Journalize for Bottom the entry declaring the cash dividends on December 15, 2016. b. Journalize for Bottom the entry paying the cash dividends on January 4, 2017.