On January 1, 2005, Alison Corp. had 88,000 shares of $12 par value common stock issued and outstanding. There was a $2,000,000 balance in the Retained Earnings account at the beginning of the year. During the first quarter of the year, the following transactions occurred: Jan. 10 Issued 12,000 shares of its own common stock for $120,000. Jan. 20 Declared a cash dividend of $1 per share to stockholders of record on Jan. 12. Jan. 31 Paid the $2 cash dividend declared on Jan. 18. Feb. 4 Purchased 2,000 shares of its own common stock for the treasury at $20 per share. Feb. 16 Sold 1000 shares of the treasury stock purchased on Feb. 4 for $24 per share. March 27 Declared a 2 for 1 stock split on outstanding shares. Prepare a journal entry (show all computations)