Question 1 20 pts Lindsey Hunter Corporation has the following stockholders' cquity for 2021. Here is the spreadsheet: Quiz6.xlsx 200,000 Preferred stock, 10%, $100 par value, 10,000 shares Jauthorized 2,000 shares issued and outstanding Paid in capital in excess of par - preferred stock 50,000 Common stock, $5 par value, 1,000,000 shares authorized $100,000 20.000 shares issued and outstanding Paid in capital in excess of par - common stock 300.000 Retained earnings 320,000 Total stockholders' equity $970,000 Prepare journal entries for the eight transactions reported below: 1. Issued 5.000 shares of common stock at $45 per share. 2. Issued 2,500 shares of common stock at $50 per share. 3. Purchased 1,700 shares of its own outstanding common stock at $43 per share. 4. Reissued 700 shares for $31,500. 5. Reissued 700 shares for $28,000. 6. Issued 500 shares of preferred stock at $105 per share. 7. Declared and distributed a 15% stock dividend on the common shares when the stock is selling at $45 per share. 8. Declared a $50,000 dividend to both classes of stock (split the $50,000 between the two classes)