Exercise 10-6 (Algo) Record common stock, preferred stock, and dividend transactions (LO10-2, 10-3, 10- 5) Italian Stallion has the following transactions during the year related to stockholders equity. February 1 Issues 5,900 shares of no-par common stock for $15 per share. May 15 Issues 700 shares of $10 par value, 12% preferred stock for $12 per share october 1 Declares a cash dividend of $1.20 per share to al1 stockholders of record (both common and preferred) on october 15 . actober 31 Pays the sash dividend declared on october 1. Required: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet