Prepare the appropriate journal entries, if any, for the following transactions in 2015 . If no journal entry is required, please clearly indicate that. Show your computations. Show your computations. 2/20/15 : Issued 60,000 shares of common stock for $45 per share. 3/31/15: The Board of Directors declared a cash dividend on common stock of $2.50 per share, payable on May 1, to stockholders of record on April 15. Show your calculations. Prepare the journal entry for 3/31/15. 4/15/15: Date of record for cash dividends on common stock. 5/1/15: Paid the cash dividend to common stockholders. 10/10/15: Purchased 20,000 shares of their common stock as treasury stock for $40 per share. The company's income for the year was $2,255,000. Calculate the Retained Earnings Balance on Dec 31, 2015. Prepare the Stockholder's Equity section of the Balance Sheet for December 31 , 2015