Little League Apparel has two classes of stock authorized: 5%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 inme 100,000 shares of conmon stock for $69 per share. Tebruary 14 Insue 59,000 nharen of preferred ntock for $11 per ahare. Kay \& Purehane 10,000 shares of ith owm comnon stock for $59 per nhare. Kay 31 Resel1 5,000 ahares of trennury atock for $64 per ahare. Decesber 1 Declare a cash dividend on its coneon stock of 50.30 per sharn and a $29,500 (51 of par yalue) cash dividend on its preferred stock pnyable to al1 ntockholdern of record on December 15. The dividend is payable on Decenber 30. (itints Dividendis are not paid on treasury atock.) December 30 pay the canh dividend deelared on Decenber 1. Requiredt 1. Record each of these transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)