Prepare journal entries to record these transactions for Kevin Hegarty Company: Item Transaction (1) Issued 20,000 shares of $3 Par Value (per share) Common Stock for a total of $70,000 cash (2) Purchased back 1,000 shares at $5 per share to be held as Treasury Stock. (3) Sold 300 of the Treasury Shares back to the public for $7 per share (4) Sold the remaining 700 Treasury Shares back to the public at $4 per share (5) Declared a cash dividend of $3,000 to be paid in the future (6) Paid the cash dividend declared in (5) Item Account Title Debit Credit (1)