Question 10 Arabian Gulf Corporation reports the following stockholders equity section on December 31, 202 - Common stock: $10 par value: 500,000 shares authorized; 300.000 shares issued and outstanding a -Paid in capital in excess of par value, common stock -Retained earnings. $3.000.000 400,000 300.000 Total 14,300,000 The Corporation completed the following transactions in 2021. 1- Jan. 10, Directors declared a $1 per share cash dividend payable on March 15 to the Jan. 31 stockholders of record 2- Mar 01, Purchased 20,000 shares of its own common for $15 per share 3- Mar 31, Paid the cash dividend declared on Jan. 10. 4- May 01, Sold 12,000 of its treasury shares at $15 cash per share, 5- Sep 30, Directors declared a 30% stock dividend when the share market price is $16. 6- Nov 01, Distributed stock dividends declared on Sep. 30. 7. Nov. 15, The company implemented 5-for-1 stock split for the common stock. Required: Prepare journal entries to record each of these transactions for 2021 CLEARLY INDICATE THE DEBITS & CREDITS Example: XYZ Company pays $10,000 casli to purchase land ABERRE Dr. Land 10,000 Cr. Cashi 10,000 For the foolhar press ALT+F10 (PC) or ALT EN F10 (Mac) K 15 o 5 t al 100 m bil