! Required information [The following information applies to the questions displayed below.] Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, $5 par value. During the first year, the company earned $470,000 of net income and declared no dividends; the following selected transactions occurred in the order given: a. Issued 110,000 shares of the common stock at $62 cash per share. b. Reacquired 32,000 shares at $57 cash per share. C. Reissued 13,500 shares from treasury for $58 per share. d. Reissued 13,500 shares from treasury for $56 per share. 2. Prepare journal entries to record each transaction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)