gn Layout References Mailings Review View Help Paid-in Capital 8% Preferred Stock, $100 par value, cumulative, 50.0XX) shares anthorized, 30,000 shares issued and outstanding In excess of par on preferred stock Total Paid in Capital from Preferred Stock 3,000,000 3M) CM) $ $ 3,300.00 Common Stock, no par, $25 stated value, 1.000.) shares authorized, 400,000 shares issued and outstanding $ 10,000,000 In excess of stated value on common stock $ 600,000 Total Paid in Capital from Common Stock $ 10600 0XX0 Total Paid-in-Capital $ 13,900,000 Retained Earnings (Note A) $ 4,100.000 Total Stockholder's Equity 18.000.000 Note A: Preferred stock dividends are in arrears for 2018 and 2019. On the following journal pages, prepare the appropriate journal entries, if any, for the following transactions in 2020. If an entry is not required write the date and "none" in the journal 1/25 Issue 60,000 shares of common stock for $40 per share, 2/18 The Board of Directors declared a cash dividend on preferred and common stock totaling $750,000 payable on March 15, to stockholders of record on February 28 (Record dividends on preferred and common stock in separate accounts. - Check retained earnings Note A) 2/28 Date of record for cash dividends on preferred and common stock. 3/15 Paid the 2/18 cash dividend, 5/20 Declared a 10% stock dividend, distributable on June 15, to stockholders of record on May 31. The market value of Russell Corporation's common stock was $45 per share. 5/31 Date of record for stock dividend on common stock. 6/15 Distributed stock dividend to common stockholders. 7/10 Purchased 50,000 shares of Russell Corporation's common stock for $43 per share. 8/13 Sold 12,000 shares of Treasury Stock for $45 per share. 11/12 Sold 20,000 shares of Treasury Stock for $25 per share. D, Focus