QUESTION 2 (16 marks; 26 minutes) Preparation of journal entries Part A (5 marks): The following selected events occurred at Rex Corporation during the fiscal year, ending on September 30, 2020 a. Sold merchandise that cost $2,400 for $3,200 cash. b. Declared a cash dividend of $30,000 on September 1, 2020 payable on October 1, 2020. c. Issued 12,000 shares at $13 per share for cash. d. Determined that the income tax expense for fiscal year 2020 is $25,000, to be paid on November 1, 2020. No entry has been recorded yet. Required: Prepare all necessary journal entries during fiscal year 2020 only (omit narrative explanations)