please answer question 5/6/7

Required Information Problem 10-2A Record equity transactions and indicate the effect on the balance sheet equation (LO10-2, 10-3, 10-4, 10-5) [The following information applies to the questions displayed below.) Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2021, 430 shares of preferred stock and 5,300 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: 1 Issue 2,400 shares of common stock for $55 per share. 15 Purchase 530 ahares of treasury stock for $48 per share. 10 Resell 330 shares of treasury stock purchased on May 15 for $53 per share. March May July October 15 Iasue 330 ahares of preferred stock for $58 per share. December 1 Declare a canh dividend on both common and preferred stock of $1.80 per share to all stockholders of record on December 15. ( Hint: Dividends are not paid on treasury stock.) December 31 Pay the cash dividenda declared on December 1. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock, $430; Common Stock, $53; Additional Paid-in Capital, $82,500; and Retained Earnings, $33,100. Net income for the year ended December 31, 2021, is $13,400. Problem 10-2A Part 1 Required: 1. 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.) Journal entry worksheet 6 7 3 Record the declaration of a cash dividend on both common and preferred stock of $1.80 per share to all stockholders. (Hint: Dividends are not pald on treasury stock.) Note: Enter debits before credits. Date General Journal Debit Credit December 01, 2021 Retained Earnings Journal entry worksheet 3 Record the entry on December 15. es Note: Enter debits before credits. Date General Journal Debit Credit December 15, 2021 Desendent Journal entry worksheet 3 <. record the cash dividends declared on december note: enter debits before credits. date general journal debit credit deeedantm>