Italian Stallion has the following transactions during the year related to stockholders' equity February 1 Issues 5,700 shares of no-par common stock for $16 per share. May 15 Issues 400 shares of $10 par value preferred stock for $13 per share. October 1 Declare a cash dividend of $1.10 per share to all stockholders of record (both common and preferred) on October 15. October 15 Date of record. October 31 Pay the cash dividend declared on October 1. Required: Record each of these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 February 01 Cash Common stock 2 May 15 Cash Preferred stock Additional paid-in capital October 01 Salaries expense