Information about Riga Inc.'s stockholders' equity as of January 1, 2027, is provided below: Riga is authorized to issue 400,000 shares of $2 par, common stock. As of Jan 1, 2027, 230,000 shares are issued and outstanding. Riga is also authorized to issue 100,000 shares of $8 par, 4%, non-cumulative preferred stock. As of Jan 1, 2027, 20,000 shares are issued and outstanding. Balances as of January 1, 2027, for selected accounts are as follows: Preferred Stock $160,000; Additional Paid-In Capital-P/S $180,000; Common Stock $460,000; Additional Paid-In Capital-C/S $262,300; Treasury Stock-C/S $0; Additional Paid-In Capital from Treasury Stock $0; Retained Earnings $32,000. Net income for 2027 is $8,100. Selected transactions of Riga Inc. are described below. Required: Journalize the transactions for Riga. 1. Jan 1-Riga issued 1,500 shares of preferred stock for $26 per share. 2. Apr 6-Riga issued 8,000 shares of common stock for $5 per share. 3. 4. May 9 Riga bought 30,000 shares of (Riga) common stock (to hold temporarily) for $7 per share. Aug 24-Riga sold 18,000 shares of treasury stock for $10 per share. 5. Nov 25-Riga sold 6,000 shares of treasury stock for $4 per share. 6. Jan 3, 2028-Riga's board of directors declared a $22,000 cash dividend, payable on Feb 1. 7. Feb 1- Riga paid the dividend declared on Jan 3. 8, 8 9. Jan 3, 2028 - Riga's board of directors still declared a $22,000 cash dividend, payable on Feb 1. But this time, assume that the preferred stock is cumulative. Feb 1-Riga paid the dividend declared on Jan 3. 10. Jan 3, 2028-Riga's board of directors declared a 12% stock dividend on common stock, distributable on Feb 1. The market value of the common stock on Jan 3 was $9 per share. 11. Feb 1-Riga distributed the stock dividend declared on Jan 3.