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 May July October 1 Issue 2,200 shares of common stock for $53 per share. 15 Purchase 510 shares of treasury stock for $46 per share. 10 Resell 310 shares of treasury stock purchased on May 15 for $51 per share. 15 Issue 310 shares of preferred stock for $56 per share. December 1 Declare a cash dividend on both common and preferred stock of $1.60 per share to all stockholders of record on December 15. (Hint: Dividends are not paid on treasury stock.) December 31 Pay the cash dividends declared on December 1.1 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. Required: 1. Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet ed t Required information View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 k nces Record the issue of common stock. Note: Enter debits before credits. Date March 01, 2021 General Journal Debit Credit Record entry Clear entry View general journal < Prev 4 of 11 Next > ts Skipped eBook Print eferences View transaction list Journal entry worksheet & 3 4 5 6 7 Record the purchase of treasury stock. Note: Enter debits before credits. Date May 15, 2021 General Journal Debit Credit Record entry Clear entry View general journal d ces View transaction list Journal entry worksheet < 1 2 4 5 6 7 Record resell of treasury stock purchased. Note: Enter debits before credits. Date July 10, 2021 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 1 2 3 Record the issue of preferred stock. Note: Enter debits before credits. Date October 15, 2021 5 6 7 General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet < 2 3 Record the declaration of cash dividend. Note: Enter debits before credits. Date December 01, 2021 6 7 General Journal Debit Credit Record entry Clear entry View general journal es Required information View transaction list Journal entry worksheet 1 2 3 4 5 7 Record the entry on the date of record. Note: Enter debits before credits. Date December 15, 2021 General Journal Debit Credit Record entry Clear entry View general journal Denured 0 Required information View transaction list Journal entry worksheet > 1 2 3 4 5 6 Record the payment of cash dividends declared. Note: Enter debits before credits. Date December 31, 2021 D General Journal Debit Credit Record entry Clear entry View general journal