Hamad Town Company had the following balances in the stockholders' equity accounts at Dec. 31, 2020: Common stock, $10 par, 50,000 shares authorized, 30,000 shares issued and outstanding Paid in Capital in Excess of Par Value, Common Stock $300,000 200,000 500,000 Retained Eamings The following transactions occurred during 2021: 1. Feb. 20 Purchased 2,000 of its own shares for $ 15 per share. 2. March 10 Declared a $1 per share cash dividend on the outstanding common stock 3.Apol.02 Paid the cash dividends declared early in March 10 4 May 20 Sold all treasury shares for $16 each 5.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 value of stock on Oct. 1 was $14 per share 6.Dec. 10 Distributed the shares which declared on Oct. 1. 7.Dec. 25: Implemented a 2-for-1 stock split, when the market value of stock was $26 per share. NOTE: If there is no entry, please write: "NO ENTRY" Required: 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 11/2020 Dr Land C. Cash 10,000 10,000 or the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac))