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The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $350,000 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,000. c. Paid the dividends in (b). d. Issued 100,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account. 2. Prepare journal entries to record each of these events. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 > Record the purchase of $350,000 common stock now held in treasury. Note: Enter debits before credits. Event General Journal Debit Credit a View transaction list Journal entry worksheet Record the payment of the dividend. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 2 3 4 5 Record the issue of 100,000 new shares of $0.10 par value, for $2 per share. Note: Enter debits before credits. Event General Journal Debit Credit d Record entry Clear entry View general journal Journal entry worksheet