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Required information [The following information applies to the questions displayed below] Golf Apparel has two classes of stock authorized: 4%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 Issue 120,06e shares of comeon stock for 565 per share. February 14 Issue 55,000 shares of preferred stock for $13 per share. May 8 Purchase 12,000 shares of its own connon stock for \$55 per share. May 31 Resell 6,000 shares of treasury stock for s6e per share. Decenber 1 Declare a cash dividend on its comen stock of 50.75 per share and a $22,000 (4x of par value) cash dividend on its preferred stock payable to all stockholders of record on Decenber 15. The dividend is payable on Decenber 30. (Hint: Dividends are not paid on treasury stock.) Decenber an Pay the cash dividends declared on Decentier 1 . Requlred: 1. Record each of these transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 2567 Record the issuance of 120,000 shares of common stock for $65 per share. Note: Enter debits before credits. Journal entry worksheet 67 Record the Issuance of 55,000 shares of preferred stock for $13 per share. Note: Enter debits before credits. Journal entry worksheet 67 Record the purchase of 12,000 shares of its own common stock for $55 per share. Note: Enter debits before credits. Journal entry worksheet