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QUESTION 56 The following transactions occurred during the first year of operations for Couga A. For each transaction prepare the journal entry. IN ADDITION B. Prepare the stockholder's equity section of the balance sheet. Note: Cougar Corp. earned $95,000 of net income. a. Cougar Corp. sold 3,000 shares of $3 par value common stock for $30,000 b. Cougar Corp. declared dividends of $4.00 for each share issued in (a.). c. Cougar Corp. paid dividends declared in (b.). S www d. Cougar Corp. repurchased 300 shares of the stock sold in (a.) for $14 per share e. Cougar Corp. sold 100 of the shares purchased in (d.) for $16 per share Com