Dingo Corporation was organized in January to operate a pet goods and grooming services business. The charter issued by the state authorized the following capital stock: Common stock, $1 par value, 200,000 shares. Preferred stock, $100 par value, 6 percent, 50,000 shares. Required: 1) Complete the journal entries for each of the following transactions that occurred during the year: a) Collected $288,000 cash and issued 18,000 shares of common stock. Cash Common Stock APIC - Common Stock b) Issued 9,000 shares of preferred stock at $126 per share; collected in cash. c) Cash dividends were declared in the amount of $60,000. d) Repurchased 1,200 shares of common stock for $18 per share. e) Paid the cash dividend.