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, 420 shares of preferred stock and 5,200 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021: March 1 Tosue 2,300 shares of common stock for $54 per share. May 15 Purchase 520 shares of treasury stock for $47 per share. July 10 Resell 320 shares of treasury stock purchased on May 15 for $52 per share. October 15 Tenue 320 shares of preferred stock for $57 per share. December 1 Declare a cash dividend on both comon and preferred stock of $1.70 per share to all stockholders of record on December 15. (Nint Dividende are not paid on treasury stock.) December 31 Pay the cash dividende declared on December Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock, $420 Common Stock, $52, Additional Paid in Capital, $82,000, and Retained Earnings, $32,900. Net income for the year ended December 31, 2021, is $13.200. Journal entry worksheet . 1 2 3 4 5 6 7 Record the issuance of 2,300 shares of common stock for $54 per share. Note: Enter debits before credits. General Journal Debit Credit Date March 01, 2021 Cash Common Stock Additional Paid-in Capital Record entry Clear entry View general journal Journal entry worksheet Record the resell 320 shares of treasury stock purchased on May 15 for $52 per share. Note: Enter debits before credits. Date Debit Credit July 10, 2021 General Journal Cash Treasury Stock Additional Paid-in Capital Record entry Clear entry View general journal Journal entry worksheet 1 2 3 SALLE 5 5 6 7 Record the issuance of 320 shares of preferred stock for $57 per share. Note: Enter debits before credits. Debit Credit Date October 15, 2021 General Journal Cash Preferred Stock Additional Paid-in Capital Record entry Clear entry View general journal Journal entry worksheet