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, 330 shares of preferred stock and 4,300 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: March 1 Issue 1,400 shares of common stock for $45 per share. May 15 Purchase 430 shares of treasury stock for $38 per share. July 10 Resell 230 shares of treasury stock purchased on May 15 for $43 per share. October 15 Issue 230 shares of preferred stock for $48 per share. December 1 Declare a cash dividend on both common and preferred stock of $0.80 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. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock. $330, Common Stock $43. Additional Paid-in Capital, $77,500; and Retained Earnings. $31,100. Net income for the year ended December 31, 2021, is $11,400. 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 1 2 3 4 6 7 Record the issuance of 1,400 shares of common stock for $45 per share. 1. Record each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Re the first account field.) View transaction list ok Journal entry worksheet 2 3 4 5 6 7 1 Record the issuance of 1,400 shares of common stock for $45 per share. nces Note: Enter debits before credits. General Journal Date March 01, 2021 Debit Credit Record entry Clear entry View general journal 1. RULUI LOLIT UI these transactions. It no entry is required for a particular transaction/event, select "No Journal Ent the first account field.) View transaction list Journal entry worksheet View transaction list Book Journal entry worksheet PUL LU the first account field.) 0.55 points View transaction list eBook Journal entry worksheet 1 2 3 a 5 6 7 Print Record the issuance of 230 shares of preferred stock for $48 per share. References Note: Enter debits before credits Date General Journal Credit Debit October 15, 2021 View general journal Clear entry Record entry Next > of 9 2 3 View transaction list ook Journal entry worksheet View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the cash dividends declared on December 1. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2021 View general journal Clear entry Record entry 2 3 ##