Paragraph Below are select 1/1/Y7 balances for Victory Corporation's stockholders' equity accounts: 6% Preferred Stock Common Stock Treasury C/S* $50,000,000 $ 4,500,000 $ 2,700,000 * Cost is $9/share Styles Following are 20Y7 transactions for Victory. Victory Corporation's fiscal year end is 12/31. Date 01/22/Y7 02/10/Y7 03/01/Y7 03/31/Y7 05/15/Y7 $18 per share. 06/09/Y7 09/30/Y7 10/21/Y7 11/01/Y7 Required Transaction Description Issued 70,000 shares of no-par Preferred Stock with a stated value of $25 for $28 per share. Issued 100,000 shares of $3 par Common Stock for $17 per share. Declared a 15% common stock dividend to shareholders of recor on 3/15/Y7 issuable on 3/31/Y7. The market price of Victory common stock on 03/01/Y7 was $15 per share. Issued the common stock dividend declared on 03/01/Y7. Declared a 3-for-1 stock split on the common stock when the market price was Sold all the stock held in its treasury for $7/share. Purchased 40,000 shares of its own stock for $6 per share. Sold 13,000 shares of treasury stock for $8 per share. Declared a total cash dividend of $4,000,000 to the noncumulative preferred and common stock payable on 11/30/Y7 to shareholders of record on 11/15/Y7. Journalize the 20Y7 transactions. You MUST include calculations (either in parentheses next to the account name or in a footnote). Journal entry descriptions are not required. It is HIGHLY recommended that you track the shares of both preferred and common stock!