Part VI: Corporations (11 points) Mariah Company has the following stockholders' equity accounts on January 1, 2022: Common Stock (1,500,000 shares outstanding) Paid-in Capital in Excess of Par Retained Earnings Total Stockholders' Equity Prepare journal entries for the following transactions $1,500,000 200,000 500,000 $2,200,000 1. On January 5, 2022, issued 40,000 shares of $1 par value common stock for $150,000 (3 points) Account Titles Debit Credit 2. On May 15, 2022, purchased 5,000 shares of its own common stock for $6 per share. (3 points) Account Titles Debit Credit 3. On July 1, 2022, declared a $2 cash dividend per outstanding shares, payable August 1 (3 points). Account Titles Debit Credit 4. On August 1, 2022, paid the dividend declared on July 1, 2022 (2 points). Account Titles 11 Debit Credit