On January 1, 2022, The Eighties Shop has 100,000 shares of common stock outstanding. The Eighties Shop incurred the following transactions in 2022 March 1 Issues 61,000 additional shares of $i par value common stock for $58 per share. May 10 Purchases 5,600 shares of treasury stock for $61 per share. June 1 Declares a cash dividend of $1.00 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. October 21 Resells 2,800 shares of treasury stock purchased on May 10 for $66 per share. Required: 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 Journal entry worksheet Record the purchase of 5,600 shares of treasury stock for $61 per share. Note: Enter debits before credits. Date General Journal Debit Credit May 10, 2022 Record entry Clear entry View general Journal View transaction list Journal entry worksheet 1 2. RO 4 5 > Record the declaration of a cash dividend of $1.80 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) Note: Enter debits before credits. General Journal Debit Credit Date June 01, 2022 Record entry Clear entry View general Journal View transaction list Journal entry worksheet Record payment of the cash dividend declared on June 1. Note: Enter debits before credits. General Journal Debit Credit Date July 01, 2022 View general journal Record entry Clear entry View transaction list Journal entry worksheet