Italian Stallion has the following transactions during the year related to stockholders' equity. February 1 Issues 5,800 shares of no-par common stock for $14 per share. May 15 Issues 400 shares of $10 par value preferred stock for $11 per share. October 1 Declares a cash dividend of $1.15 per share to all stockholders of record (both common and preferred) on October 15. October 15 Date of record. October 31 Pays the cash dividend declared on October 1. Required: Record each of these transactions. Note: If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. > Answer is complete but not entirely correct. No 1 Date February 01 Cash Common Stock General Journal 2 May 15 Cash Preferred Stock Additional Paid-in Capital 3 October 01 Dividends Dividends Payable 4 October 15 No Journal Entry Required Debit Credit 56,000 56,000 2,200x 2,000 200x 1,050 1,050