Required information [The following information applies to the questions displayed below] National League Gear has two classes of stock authorized: 6%,$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 1.4 million shares of comon stock for $34 per share. February 4 issue 590,000 shares of preferred stock for $22 per share. zune 15 Purchase 149,000 shares of its own cormon stock for $29 per share. August 15 Resell 105, 000 shares of treasury stock for s44 per share. Noveaber 1 geclare a cash dividend on its comon stock of $1,40 per share and a $708,000 ( 6% of par value) cash dividend on its preferred stock payable to all stockholders of record on November 15. (Hint: Dividends are not paid on treasury stack.) Novenber 30 pay the dividends declared on November 1. Required: 1. Record eoch of these transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Required information Journal entry worksheet 1 2 3 Record the declaration of a cash dividend on its common stock of $1.40 per share and a $708,000 ( 6% of par value) cash dividend on its preferred stock payable to all stockholders of record on November 15. (Hint: Dividends are not paid on treasury stock.) Note: Enter debits before credits. Required information 1 2 4 Record the payment of the dividends declared on November 1. Note: Enter debits before credits