Golf Apparel has two classes of stock authorized: 5%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024 , its first year of operations: January 2 Issue 100,000 shares of compon stock for $52 per share. February 14 Issue 42,000 shares of preferred atook for $11 per whare. May 8 Purchase 10,000 thares of its oun comon stock for $42 per share. May 31 Resell 5,000 shares of treasury stock for $47 per share. December 1 beclare a canh dividend on its comen stock of $0.35 per share and a $21,000 (51 of par value) cash dividend on its preferred stock payable to al1 stockholders of record on Deceeber is. The dividend is payable on Deceeber 30. (Hint: Dividends are not paid on treasury stock.) December 30 Pay the cash dividends deelared on December 1 . tquired: Record each of these transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first count field.)