Hamad Town Company had the following balances in the stockholders' equity accounts at Dec. 31, 2020: Common stock, $20 par, 100,000 shares authorized, 30,000 shares issued and outstanding $600,000 -Paid in Capital in Excess of Par Value, Common Stock The following transactions occurred during 2021: -Retained Earnings 1.Feb. 20, Purchased 4,000 of its own shares for $30 per share 3.April 07 Paid the cash dividends declared early in March 10 4.May 20 Sold all treasury shares for $32 each 400,000 1,000,000 2 March 10 Declared a $1 per share cash dividend on the outstanding common stock 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 $20 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 1/1/2020 Dr. Land 10,000 Cr. Cash 10.000