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Question 2 Arabian Gulf Corporation reports the following stockholders' equity section on December 31, 2020 -Common stock: $10 par value; 500,000 shares authorized: 200.000 shares issued and outstanding. -Paid in capital in excess of par value, common stock -Retained earnings.... $ 2,000,000 400,000 900.000 $3,300,000 Total The Corporation completed the following transactions in 2021 1- Jan 10, Directors declared a $1 per share cash dividend payable on March 15 to the Jan. 31 stockholders of record 2-Mar 01, Purchased 10,000 shares of its own common for $15 per share 3-Mar 15, Paid the cash dividend declared on Jan 10. 4- May 01, Sold 6,000 of its treasury shares at $15 cash per sharo 5-Sep. 30, Directors declared a 30% stock dividend when the share market price is $16. 6- Nov 01, Distributed stock dividends declared on Sep. 30. 7- Nov. 15. The company implemented 5-for-1 stock split for the common stock. Required: Prepare journal entries to record each of these transactions for 2021 CLEARLY INDICATE THE DEBITS & CREDITS Example XYZ Company prys 110.000 cash to purchase and Amb Dr. Laud 10,000 Cr. Cash 10,000 For the toolhar, press ALT-F10 (PC) or ALT FN-F10 (Mac BIVS A Paragraph V Arial 10pt L I. X 7ins E