Eureka enterprise inc. manufactures bathroom fixtures.. The stockholders equity accounts of Eureka Enterprise inc., with balances on january 1, 2008, areasfollows; Common Stock, $10 stated value (500,000 shares authorized, 380,000 shares issued)....3,800,000 Paid in capital in excess stated value....760,000 Retained earnings.... 4,390,000 Treasury Stock (500,000 shares at cost) The following selected transactions occured during the year. Jan. 6. Paid cash dividends of $0.20 per share on commonstock.the dividend had been properly recorded when declared on dec.30 ofthe preceding fiscal year for $71,000. May. 21 Sold all of the treasury stock for 460,000 July 1. Declared a 3% stock dividend on common stock,tobe capitalized at the market price of the stock, which is 30$ per share. Aug. 15. Issued the certificates for the dividend declared onJuly 1. sept. 30. purchased 10,000 shares of treasury stock for $230,000. Dec. 27 declared a $0.25 per share dividend on common stock 31. Closedthecredit balance of the income summary account 639,500 31. Closedthetwo dividends accounts to retained earnings. Instructions: 2. journalize the entries to record the transactions