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 $450,000 of net income declared no dividends, and the following selected transactions occurred in the order given a. Issued 120,000 shares of the common stock at $60 cash per share b. Reacquired 30,000 shares at $55 cash per share c Reissued 12.500 shares from treasury for $56 per share. d. Reissued 12,500 shares from treasury for $54 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.)