On January 1, 2010, Calvin Corporation had 60,000 shares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred. Mar 1 issued 40,000 shares of $1 par value common stock for $600,000 June 1 Declared a cash dividend of $3.00 per share to Stockholders of record on June 15 June 30 Paid the $3.00 cash dividend Dec 1 Purchased 4,000 shares of par value common stock for the for $22 par share. Dec 15 Demand a cash dividend on outstanding shares of $3.25 per share to stockholders of record on December 31. Prepare the required journal entries to record the above transactions