Question 2: Journalize the following transactions in the space provided after the transaction. January 1, 2012, issued 500 shares of 10% preferred stock, par value $1,000 issued at $1,100 per share. (2 Points) Date Account Debit Credit 2. February 10, 2011, issued 20,000 shares of common stock, par value $0.50 issue price S15 per share (2 Points) Date Account Debit Credit 3. March 10, 2012, purchased a building with fair market value of $50,000 instead of paying cash the company issued 3,000 common stocks, par value $0.50 (2 Points) Date Account Debit Credit March 31. 2012. Board of Directors decided that the total amount of dividend to be paid is $120,000. Based on the above transactions calculate the following and journalize the dividend announcement: (3 Points) A. B. Dividends to be distributed to preferred stock holders: Dividends to be distributed to common stock holders: Date Account Debit Credit