N corporation was recently formed with an unlimited number of authoned no par value ammin shares. The following events occurred in the order shown in its first year 1. Sold and issued over 5000 umma sherres for cash at $26 per share. a losued a 10% share dinerend when the shars were seling at $30 per share. 3. Declared a cash divident of & 1 per share on the shares outstanding. 4. Pard the cash dindent de dared in (3) 5. Purchased and cancelled 100 shares for cash at $27 per share 6. Issued a 2 for I share split when the market price was $90 persheire 7. Net income for the year was 3 250.000 Prepare prunal entries for the above events. if no journal entry, entry" - do not merely leare blank. write a no