Journalize the following transactions. You must use a journal form to receive credit. On January 1, 2018, the Amity Island Swimsuit Company had 10,000 shares of 5%, exist100 par, cumulative Preferred Stock authorized with 4,000 shares issued and outstanding. It also had 50,000 shares of exist5 par common stock authorized with 15,000 shares issued and outstanding. Sold 8,000 shares of exist5 par common stock for exist15 per share Sold 2,000 shares of exist100 par, 5%, cumulative, preferred stock for exist160 per share. Purchased 1, 200 shares of treasury stock common for exist16 per share Re-issued 300 of the treasury shares purchased on May 12 for exist18 per share. Issued 2,000 shares of common stock in exchange for legal services. The value of the stock at the time of issue was exist17 per share. Purchased equipment with a fair market value of exist120,000 by paying exist24,000 in cash, issuing a note payable for exist80,000 and issuing 800 shares of exist5 par common stock. Re-issued 400 of the treasury shares purchased on May 12 for exist14 per share. Declared exist95,000 in dividends to be paid on December 2 to stockholder's of record on November 30. Dividends have been paid each previous year. Paid the dividend declared on Nov. 2. Declared a 2% common stock dividend to be issued on December 31 to stockholder's of record on December 20. The market value of the stock on December 16 was exist19 per share. Distributed the stock dividend shares declared on December 16