Italian Stallion has the following transactions during the year related to stockholders' equity. February 1 Issues 5, 900 shares of no-par common stock for $15 per share May 15 issues 700 shares of $10 par value preferred stock for $12 per share. October 1 Declare a cash dividend of $1.20 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. (lf no entry is required for a transaction/event, select "No journal entry required" in the first account field.)