please solve

Major League Apparel has two classes of stock authorized: 6%, \$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2021, its first year of operations: January 2 Issue 110,000 shares of conmon stock for $51 per share. February 14 Issue 41,000 shares of preferred stock for $12 per share. May 8 Purchase 11,000 shares of 1 ts own common stock for $41 per share. May 31 Resell 5,500 shares of treasury stock for $46 per share. December 1 Declare a cash dividend on its comnon stock of $0.30 per share and a $24,600 (6\% of par value) cash dividend on its preferred stock payable to alt stockhotders of record on Decenber 15. The dividend is payable on December 30. (Hint: Dividends are not paid on treasury stack.) December 30 Pay the cash dividends declared on December 1. equired: Record each of these transactions. (If no entry is required for a particular transaction, select "No Journal Entry Required" in the st account field.)