ity My 1. Issued 32,000 shares of no-par common stock for $20 per share. 2. Issued 8,700 shares of $30 par, 8 percent, preferred stock for $30 per share. 3. Paid a cash dividend of $20,880 to preferred shareholders 4. Issued a 10 percent stock dividend on no par common stock. The market value at the dividend declaration date was $25 per share 5. Later that year, issued a 2-for-1 split on the shares of outstanding common stock. The market price of the stock at that Time was $70 per share. 6. Produced $194,000 of cash revenues and incurred $79,000 of cash operating expenses 7. Closed the revenue, expense, and dividend accounts to retained earnings b. Record the Year 1 transactions in general Journal farm and post them to T-accounts Complete this question by entering your answers in the tabs below. General Journal Thcounts Rected the Year transactions in general journal form. Irro entry is required for transaction/evant lect "No journal entry required In the first account field.) Vww transactionist Journal entry worksheet