IThe following information applies to the questions displayed below.J National League Gear has two classes of stock authorized: 5%, $20 par preferred, and $5 par value common. The following transactions affect stockholders' equity during 2015. National League's first year of operations February 2 Issue 1.4 million shares of common stock for $21 per share. February 4 Issue 460,000 shares of preferred stock for$24 per share. 15 Repurchase 140,000 shares of its own common stock for $16 per share. June August 15 Reissue 105,000 shares of treasury stock for $31 per share. November 1 Declare a cash dividend on its common stock of $1.40 per share and a $460,000 (5% of par value) cash dividend on its preferred stock payable to a stockholders on record on November 15. (Hint Dividends are not paid on treasury stock November 30 Pay the dividends declared on November 1