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 $440,000 of net income, declared no dividends, and the following selected transactions occurred in the order giver 3. Issued 110,000 shares of the common stock at $59 cash per share. b. Reacquired 29,000 shares at $54 cash per share. c. Reissued 12,000 shares from treasury for $55 per share. d. Reissued 12,000 shares from treasury for $53 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.) View transaction list View journal entry worksho No Transaction General Journal Credit Debit 6,490,000 1 Cash Common Stock 1,566,000 2 b Treasury Stock Cash 1,566.000 3 C Cash Treasury Stock