On January 1, 2021, Chiggs Corporation had 70,000 shares of $1 par value common stock issued and outstanding. Existing shares of common stock were issued at par value. During the year, the following transactions occurred: Oct. 1 Issued 40,000 shares of common stock for $520,000. Nov. 1 Declared a cash dividend of $5.00 per share to stockholders of record on Nov. 15. Nov. 30 Paid the $5.00 cash dividend. Dec. 1 Purchased 12,000 shares of common stock for the treasury for $30 per share. Dec. 15 Declared a cash dividend on outstanding shares of $5.50 per share to stockholders of record on December 31. 1-Prepare journal entries to record the above transact Account Name Debit Credit Date Oct. 1 Issued 40,000 shares of common stock for $520,000. Account Name Debit Credit Nov. 1 Declared a cash dividend of $5.00 per share to stockholders of record on Nov. 15. Account Name Debit Credit Nov. 30 Paid the $5.00 cash dividend. Account Name Debit Credit Dec. 1 Purchased 12,000 shares of common stock for treasury for $30 per share. Account Name Debit Credit Dec. 15 Declared a cash dividend on outstanding shares of $5.50 per share to stockholders of record on December 31. Compute the total value and the total shares for Outstanding stock as of December 31, Total number of shares @ 12/31/21 Total dollar value @ 12/31/21 Common stock Paid-in-capital in excess of par value Less: Treasury stock Outstanding stock as of Dec 31,2021