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Required information [The following information applies to the questions displayed below.] The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $350,100 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,050. c. Paid the dividends in (b). d. Issued 101,000 new shares of $0,10 par value common shares for $2 per share. e. Closed the Dividends account. Prepare journal entries to record each of these events. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 2345 Record the purchase of $350,100 common stock now held in treasury. Note: Enter debits before credits