Question 2 On January 1, 2016, Calvin Corporation had 60,000 shares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred. Instructions: Prepare journal entries to record the above transactions. Notes: Read carefully and follow strictly so that Bb can grade you correctly! 1. Just write down the account title and numbers for each transaction (use comma in numbers, one thousand is 1,000, not 1000. NO decimal point, NO $ sign). 1,000 Com Stk 1,000 2. Always Dr. first, then Cr. 2. Use and copy. accurately only the following account names (not case sensitive): Cash, Com Stk, PIC in Excess of Par, RE, Div/P, Treasury Stk. e.g. Cash Mar. 1 Issued 40.000 shares of common stock for $600.000 Account Dr. Account Cr. Account Cr. June 1 Declared a cash dividend of $3.00 per share to stockholders of record on June 15 Account Dr. Account Cr. Jule L'eclared ? cach dividend of 3.00 persone to stockroles d record ourne 15 ezonul D. Becair Jnue 3 Pred the 300 candideu: wee...l DI Pure 4.000 chorwe wamecock for the rowery for $22crear DI AEMEL Declareils exdi divider stating care of $25 per here techniders of recorden December Account Dr. Art