For each of the following transactions, indicate the account that should be detted as part of the transaction. Declared a 20 percent stock dividend. Sold 4,000 common shares to an investor for $50,000. 1. Retained earrings 2. Common shares Declared a two for one stock split. 3. Dividends payable 4. Cash Repurchased common shares at the same price as the average price the shares were previously issued at 5. Income Summary 21 6. No entry needed 24 Paid a previously declared cash dividend to common shareholders. 27 Declared a cash dividend to common shareholders of $2 MacBook A 26 per share