During 2020, the following selected transactions occurred in the order given for a company. Question (1). Prepare the necessary journal entry to record the following four transactions (5 points). March 1. The company issued 2,000 shares of common stock (par value $1 per share) at the initial public offering. The market price was $10. (2 points). April 1. The company declared the dividend of $1 per share. (1 point). September 1. The company paid the declared dividend in cash. (1 point). September 10.500 shares of treasury stock (par value $1 per share) were purchased at $11 per share. (1 point). Question (2). The company reported the net income of $4,000 for 2020. Please complete the stockholders' equity section of the company's balance sheet for 2020 below (10 points). Balance Sheet Dec 31, 2019 Dec 30 Stockholders' Equity 0 ? Common stock: authorized 5,000 shares; 2,000 shares issued; 1,500 shares outstanding Additional paid-in-capital Less: Treasury stock (500 common stock shares in 2020) Retained earnings 1,000 (0) 10,000 ? ? ? ? Total Stockholders' Equity 11,000