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' eqJity during 2024, National League's first year of operations: February 2 Issue 1.4 million shares of comnon stock for $34 per share. February 4 Issue 590,000 shares of preferred stock for $22 per share. June 15 Purchase 140, e0e shares of its own common stock for share. August 15 Rese11 105, 00e shares of treasury stock for $44 per share. Novesber 1 Declare a cash dividend on its comson stock of $1.40 per share and a $708,00e(6% of par value) cash dividend on its preferred stock payable to a11 stockholders of record on November 15. (Hint: Dividends are not paid on treasury stock.) November 30 Pay the dividends declared on November 1. Required: Record each of these transactions, (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Record the issuance of 1.4 million shares of common stock for $34 per share. Note: Enter debits before credits. Record the issuance of 590,000 shares of preferred stock for $22 per share, Note: Enter debits before credits. Record the purchase of 140,000 shares of its own common stock for $29 per share. Note: Enter debits before credits. Record the resale of 105,000 shares of treasury stock for $44 per share. Note: Enter debits before credits. 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. Record the payment of the dividends declared on November 1. Note: Enter debits before credits