National League Gear has two classes of stock authorized: 4%, $20 par preferred, and $5 par value common. The following transactions affect stockholders' equity during 2021, National League's first year of operations: February 2 Issue 1.3 million shares of common stock for $22 per share. February 4 Issue 470,000 shares of preferred stock for $23 per share. June 15 Purchase 130,000 shares of its own common stock for $17 per share. August 15 Resell 97,500 shares of treasury stock for $32 per share. November 1 Declare a cash dividend on its common stock of $1.30 per share and a $376,000 (4% of par value) cash dividend on its preferred stock payable to all stockholders of record on November 15. (Hint: Dividends are not paid on treasury stock.) November 30 Pay the dividends declared on Novenber 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.) View transaction list 1 Record the issuance of 1.30 million shares of common stock for $22 per share. er share. 2 Record the issuance of 470,000 shares of preferred stock for $23 per share. 3 Record the purchase of 130,000 shares of its own common stock for $17 per share. Credit 4 Record the resell 97,500 shares of treasury stock for $32 per share. 5 Record the declaration of a cash dividend on its common