Problem 5 - 24 pts Cyclone Products had the following (sequential) equity transactions during 2020. Journalize the ransactions. For the dividend transactions indicate which class of stock received the dividend 1. Sold (issued) 10,000 share of common stock, $1 par, for $15 per share Cash 150,000 CS 10,000 PIC-CS 140,000 2. Sold 1,000 shares of $100 par, preferred stock for $102,000. The annual dividend rate is $3 per share Cash 102,000 PS PIC-P.S 3. Purchased 1,000 shares of common stock for the treasury for $16 per share. 4. Declared a full year of dividends on preferred stock 5. Paid dividends on preferred stock 6. Declared a 15 (15 cent) dividend on common stock