I. Value 10 points On January 1, 2017, Triad Corporation had 60,000 shares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred: Mar. Issued 25,000 shares of common stock for $550,000 June Declared a cash dividend of $2.00 per share to stockholders of record on June 15. June 30 Paid the $2.00 cash dividend. Dec. Purchased 5,000 shares of common stock for the treasury for $22 per share Dec. 15 Declared a cash dividend on outstanding shares of $2.25 per share to stockholders of record on December 31 Instructions Prepare journal entries to record the above transactions