Required information [The following information applies to the questions displayed below] National League Gear has two classes of stock authorized: 4%,$20 par preferred, and $5 par value common. The following transactions affect stockholders' equity during 2024, National League's first year of operations: February 2 Issue 1.5 million shares of comen stock for 335 per share. February 4 Issue 600 , e0e shares of preferred stock for 323 per share. June 15 purchase 150,000 shares of its own common stock for $30 per share. August 15 Resel1 112,50e shares of treasury stock for s45 per share. Novenber 1 Declare a cash dividend on its coneon stock of 51.50 per share and a 5480 , eeo (4x of par value) cash dividend on its preferred stock payable to all stockholders of record on November 15, (Mint: oivldends are not paid on treasury stock.) Novenber 30 Pay the dividends declared on Novenber 1. Answer is complete but not entirely correct