Required information The following information applies to the questions displayed below.) Refer to the following transactions. a. Sold 4,500 shares of $40 par value 9% preferred stock at par. b. Declared the annual dividend on the preferred stock. c. Purchased 550 shares of preferred stock for the treasury at $55 per share. d. Issued 2,000 shares of $2 par value common stock in exchange for land valued at $116,000. e. Sold 274 shares of the treasury stock purchased in transaction c for $58 per share. f. Split the common stock 2-for-1. Prepare the journal entries to record each of the above transactions. (If no entry is required for a journal entry required" in the first account field.) View transaction list Journal entry worksheet Required information 1 Record the sale of 4,500 shares of $40 par value 9% preferred stock at par. 2 at par. Record the declaration of annual dividend on the preferred stock. 3 Record the purchase of 550 shares of preferred stock for the treasury at $55 per share. Credit 4 Record the issue of 2,000 shares of $2 par value common stock in exchange for land valued at $116,000. 5 Record the sale of 274 shares of the treasury stock purchased in transaction c for $58 per share. 6 Record the 2 for 1 split of common stock. Note : = journal entry has been entered Record entry Clear entry View general journal O Required information art 2 of 2 Journal entry worksheet