Problem Two: On January 1,2022 , It Is Finished Corporation had 75,000 shares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred: Mar. 1 Issued 25,000 shares of common stock for $16 per share. June 1 Declared a cash dividend of $1.50 per share to stockholders of record on June 15. June 30 Paid the $1.50 cash dividend. Dec. 1 Purchased 10,000 shares of common stock for the treasury for $25 per share. Dec. 15 Declared a cash dividend on outstanding shares of $3.00 per share to stockholders of record on December 31. Instructions Prebare iournal entries to record the above transactions