Problem 4 Winfield Corporation was formed in 2021 2021 Data that affects Stockholders' Equity Winfield's corporate charter authorized 2,000,000 shares of $1 par value common stock On January 10, Winfield issued 260,000 shares of $1 par value common stock for $10 per share On June 1" Winfield issued 120,000 shares of $1 par value common stock for $12 per share. 2021 Net income as $250,000. On January 10, Winfield issued 260,000 shares of $1 par value common stock for $10 per share. Prepare the journal entry for the January 10th transaction. Date Titles Debit Credit On June 1 Winfield issued 120,000 shares of $1 par value common stock for $12 per share Prepare the journal entry for the January 10th transaction. Date Titles: Debit Credit The stockholders' equity section of Winfield Corporation's balance sheet at December 31, 2021. appears below: Please complete (6 pts) Stockholders' equity Paid-in capital Common stock, $1 par value, 2,000,000 shares authorized; 2 shares issued and outstanding Paid-in capital in excess of par Total paid-in capital Retained earnings Total stockholders' equity As of 12/31/21, what was the average issuance price for Winfield Corp Stock? Show calculation. Problem 4(Continued) 2022-Second year of operation for Winfield Corp. 2022 Data that affects Stockholders' Equity. On February 1, the Board of Directors declared a $0.40 per share cash dividend for the holders of record on February 20th to be paid on March 15. On June 5, Winfield issued 150,000 shares of $1 par value common stock for $14 per share 2022 Net income as $350,000. On February 1st, the Board of Directors declared a $0.40 per share dividend. Payable on March 15 Prepare the journal entry for the February 1st transaction. (Dividend Declaration Date) Date Titles: Debit Prepare the journal entry for the March 15th transaction. (Dividend payment date) Date Titles Debit On June 5, Winfield issued 150,000 shares of $2 par value common stock for $14 per share. Prepare the journal entry for the June 5th transaction. Date Titles Debit Credit Credit Credit The stockholders' equity section of Winfield Corporation's balance sheet at December 31, 2022, appears below: Please complete. Stockholders' equity Paid-in capital Common stock, $1 par value, 2.000.000 shares authorized; ? shares issued and outstanding Paid-in capital in excess of par Total paid-in capital Retained earnings Total stockholders' equity As of 12/31/22, what was the average issuance price for Winfield Corp Stock? Show calculation.