Grades) mad Town Company had the following balances in the stockholders' equity accounts at Dec. 31, 2020: ommon stock, $20 par, 100,000 shares authorized, 30,000 shares issued and outstanding $600,000 aid in Capital in Excess of Par Value, Common Stock etained Earnings following transactions occurred during 2021: Feb. 20, Purchased 4,000 of its own shares for $30 per share. 400,000 1,000,000 March 10 Declared a $1 per share cash dividend on the outstanding common stock April 07: Paid the cash dividends declared early in March 10. May 20 Sold all treasury shares for $32 each. Oct. 1: Declared 10% stock dividends on the outstanding common stock for the record of Nov 1 and to be distributed on Dec. 10, The market a fork 1 share. Dec. 10, Distributed the shares which declared on Oct. 1. Dec. 25, Implemented a 2-for-1 stock split, when the market value of stock was $26 per share OTE: If there is no entry, please write: "NO ENTRY" equired: Prepare Journal entries to record transactions that occurred during 2021 CLEARLY INDICATE THE DEBITS & CREDITS Example: on 1 January 2020, XYZ Company pays $10,000 cash to purchase land Answer 1/1/2020 Dr Land Cr. Cash 10,000 10,000 Activate Windbes ibar press ALT+F10 (PC) or ALT+FN+F10 (Mac). DELL