Required information [The following information applies to the questions displayed below.] Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2021, 410 shares of preferred stock and 5,100 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: March 1 Issue 2,200 shares of connon stock for $53 per share. May 15 Purchase 510 shares of treasury stock for 546 per share. July 10 Resell 310 shares of treasury stock purchased on May 15 for $51 per share. october 15 Issue 310 shares of preferred stock for $56 per share. December 1 Dectare a cash dividend on both comonon and preferred stock of \$1,60 per share to alt December 31 pay the cash dividends declared on Decenber. Dividends are not paid on treasury stock.) pay the cash dividends dectared on Decenber 1 . Dil. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock, \$410; Common Stock, \$51; Additional Paid-in Capital, \$81,500; and Retained Earnings, \$32,700. Net income for the year ended December 31, 2021, is $13,000. equired: Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in he first account field.) Journal entry worksheet Journal entry worksheet 4 5 Note: Enter debits before credits. Journal entry worksheet 4 5 Record resell of treasury stock purchased. Note: Enter debits before credits. Journal entry worksheet