first word is issued.

Course On January 1, 2007, Caldwell Corporation had 75.000 shares of 1 outstanding. During the year, the following transactions occurred, Mar 1 ed 45,000 shares of common stock for 5675.000 June 1 Declared a cash dividend of $2.00 per share to the 120.000 standalone and on 15 June 30 Paid the $2.00 cash dividend Dec. 1 Purchased 4,000 shares of common stock for the treasury for $18 per share Instructions Prepare journal entries, if necessary, to record the above transactions