Eastman, Inc., incorporated in new Hampshire on April 15, 2007. Since the date of its inception The following transactions occurred: a. On April 15,2007 , Eastman was authorized to issue, 2,000,000 shares of $6 per value common stock. b. On April 15, 2007, the company issued 100,000 shares of common stock for $15 per share. c. The company issued and paid a 25 percent stock dividend on December 21, 2007. The market value on that date was $16 per share. d. On July 1, 2008, Eastman sold 30,000 shares of common for $30. e. On November 15, 2008, the company repurchased 10,000 shares of stock for $42 per share. f. On December 15, 2008, Eastman issued 5,000 shares of treasury stock at $46 per share. g. On February 1, 2009, the stock split 2 for 1 h. On September 15, 2009, the remaining treasury stock was sold for $35 per share. i. On December 24, 2009, Eastman declared a cash dividend of $150,000 j. On January 24, 2010, the cash dividend was paid. Require d: Prepare the necessary journal entries.