Problem 2. Various Equity transactions involving journal entries. Clearly indicate Debit_account name_$: Credit_account name_$ (or any other acceptable format) to receive good credit. Prepare your answer in 1. 2. 3. format. 1. Maverick Corporation begins operations on March 1 by issuing 200,000 shares of $1.5 par value common stock for cash at $6 per share. On March 28, Cayman issues 1,500 shares of $10 par value preferred stock for cash at $20 per share. Prepare journal entries to report the issuance of the common and preferred shares. 2. On February 1, 2020, Maverick buys back 2,000 shares of its stock at $6 per share. Prepare the journal entry. 3. On December 1, the directors of Maverick declared a $2 per share cash dividend on 200,000 shares of $10 par value common stock. The dividend will be paid in cash on December 22. Prepare journal entries related to both declaration and payment of the dividends/