Required information [The following information applies to the questions displayed below] Global Marine obtained a charter from the state in Janusry that authorized 1,000,000 shares of common stock, $5 par value. During the first year, the company earned $400,000 of net income and declared no dividends; the following selected transactions occurred in the order glven: a. Issued 100,000 shares of the common stock at $55 cash per share. b. Reacquired 25,000 shares at $50 cash per share. c. Retssued 10,000 shares from treasuly for $51 per share d. Reissued 10,000 shares from treasury for $49 per share. 2. Prepare journal entries to record eoch transoction. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 2 4 Record the issuance of 100,000 shares of cornmon stock with a $5 par value for a price of $55 per share. Notel trater detaci before ovats