Exercise 10-12 (Static) Record common stock, treasury stock, and cash dividends (LO10-2, 10-4, 10-5) Powor Drive Corporation designs and produces a line of golf equipment and goif apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2024. Power Drive has the following transoctions affecting stockholders' equity in 2024 . March 1 Issues 65 , eee additionat shares of \\( \\$ 1 \\) par value coenon stock for \\( \\$ 62 \\) per share. May 18 Purchases 6, eee shares of treasury stock for \\( \\$ 65 \\) per share. June 1 Declares a cash dividend of \\( \\$ 2.00 \\) per share to all stockholders of record on June 15 . (Hant: Oividends are. Juty 1 not paid on treasury stock.) October 21 Resells 3 , eee shares of treasury stock purchased on May 10 for s7e per share. Required: Record each of these transoctions. (if no entry is required for a particular transaction/event, select \"No Journal Entry Required\" in the first account field.) Journal entry worksheet \\( 4 \\quad 5 \\) Record the issuance of 65,000 additional shares of \\( \\$ 1 \\) par value common stock for \\( \\$ 62 \\) per share. Note Enter debse before coedit: in the first account field.) Journal entry worksheet Record the resale of 3,000 shares of treasury stock purchased on May 10 for \\( \\$ 70 \\) per share. Note: Enter debits before credits. Journal entry worksheet Record the purchase of 6,000 shares of treasury stock for \\( \\$ 65 \\) per share. Note: Enter debits before credits. Journal entry worksheet Record the issuance of 65,000 additional shares of \\( \\$ 1 \\) par value common stock for \\( \\$ 62 \\) per share. Note: Enter debits before credits. Journal entry worksheet 5 Record the declaration of a cash dividend of \\( \\$ 2.00 \\) per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) Note: Enter debits before credits. in the first account field.) Journal entry worksheet \\[ 1 \\] Record payment of the cash dividend declared on June 1. Note: Enter debits before credits