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Arabian Gulf Corporation reports the following stockholders' equity section on December 31, 2020. - Common stock; $10 par value; 500,000 shares authorized; 200,000 shares issued and outstanding - Paid in capital in excess of par value, common stock $ 2,000,000 ..400,000 900,000 - Retained earnings. Total $3,300,000 The Corporation completed the following transactions in 2021. 1- Jan. 10, Directors declared a $1 per share cash dividend payable on March 15 to the Jan. 31 stockholders of record. 2- Mar. 01, Purchased 10,000 shares of its own common for $15 per share. 3- Mar. 15, Paid the cash dividend declared on Jan. 10. - May 01, Sold 6,000 of its treasury shares at $15 cash per share. Sep. 30, Directors declared a 30% stock dividend when the share market price is $16. Nov. 01, Distributed stock dividends declared on Sep. 30. Nov. 15, The company implemented 5-for-1 stock split for the common stock. quired: Prepare journal entries to record each of these transactions for 2021. CLEARLY INDICATE THE DEBITS & CREDITS ple: XYZ Company pays $10,000 cash to purchase land er: nd 10,000