problem 10-6A Recor d equity transactions and prepare the stockholders' equity section (LO2, 3,4, 5,7) The following information applies to the questions displayed beloe [The following information applies to the questions displayed below Major League Apparel has two classes of stock authorized 6%, $10 par preferred, and $1 par value common The following transactions affect stockhoiders equity during 2015. ts first year of operations: January 2 Issue 110,000 shares of common stock for $70 per share February 14 Issue 60,000 shares of preferred stock for $12 per share Repurchase 11,000 shares of its own common stock for $60 per share. Reissue 5,500 shares of treasury stock for $65 per share. Declare a cash dividend on its common stock of S025 per share and a S36000 (6% of par value) cash dividend on its preferred stock payable to all stockhoiders of record on December 15. The dividend is payable on December 30 (Hint Dividends are not paid on treasury stock.) May December 8 31 1 December 30 Pay the cash dividends declared on December 1 References 0-6A equity transactions and prepare the sto 11. 100 points Problem 10-6A Part 1 Required: 1. Record each of these transactions. (If no entry is required for a transaction/event, select "No