Module Extra Credit 3 O 1 Part 1 of 2 175 points Required information Problem 10-2A Record equity transactions and indicate the effect on the balance sheet equation (L010- 2. 10-3, 10-4, 10-5) The folowing information applies to the questions displayed below! Donnie Hillger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2021.330 shares of preferred stock and 4,300 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: March 1 Issue 1,400 shares of common stock for $45 per share. May 15 Purchase 430 shares of treasury stock for $38 per share. July 10 Resell 230 shares of treasury stock purchased on May 15 for $43 per share. October 15 Issue 230 shares of preferred stock for $48 per share. December 1 Declare a cash dividend on both common and preferred stock of $0.80 per share to all stockholders of record on December 15. (Hint: Dividends are not paid on treasury stock.) December 31 Pay the cash dividends declared on December 1. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2021 Preferred Stock. $330. Common Stock. $43. Additional Paid in Capital, $77.500, and retained Earnings, $31100 Net Income for the year ended December 31, 2021 $11.400 Reference Problem 10-2A Part 1 Required: 1. Record each of these transactions. If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) Credit Debit 63.000 View transaction list View Journal entry worksheet No Date General Journal March 01 1 2021 Cash Common Stock Additional Pald-in Capital 2 May 15, 2021 Treasury Stock Cash 14 62,986 16,340 16.340 IN 3 9,890 July 10, 2021 Cash Treasury Stock Additional Paid-in Capital 8.740 1,150 11,040 October 15, Cash 2021 Preferred Stock Additional Paid-in Capital 230 10.810 IN 5 December 01, 2021 Dividends Dividends Payable 27 December 31, 2021 Dividends Payable Cash