(need 1-7 answered)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:

Required information Problem 10-6A (Algo) Record equity transactions and prepare the stockholders' equity section (LO10-2, 103,104,105,107) [The following information applies to the questions displayed below] 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 Is sue 100,000 shares of connon stock for 566 per share. February 14 issue 56 , 0ee shares of preferred stock for $11 per share. May 5 Purchase 10,000 shares of 1 ts oun common stock for 356 per share. May 31 Resel1 5,000 shares of treasury stock for 561 per share. December 1 beclare a cash dividend on its contion stock of $0.45 per share and a $28, 000 (55 of par value) cash dividend on its preferred stock payable to all itockholders of record on Decenber 15. The dividend is payable on Decenber 30. (Hinti olvidends are not pold on treasury stock.) Decenber 30 Pay Ethe cash dividends declared on Decenber 1 . Problem 10-6A (Algo) Part 1 Required: 1. Record each of these transactions. (if no entry is required for a trensaction/event, select "No Journal Entry Required" in the first pccount field. Journal entry worksheet Record the issuance of 100,000 shares of common stock for $66 per share. Notet Enter debits before cred its