Required information [The following information applies to the questions displayed below.) The annual report for Malibu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $351,700 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,850. c. Paid the dividends in (b). d. Issued 117,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account. 2. Prepare journal entries to record each of these events. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of $351,700 common stock now held in treasury. Note: Enter debits before credits. Event General Journal Debit Credit a Record entry Clear entry View general journal Journal entry worksheet N Record the cash dividends declared in the amount of $260,850. Note: Enter debits before credits. General Journal Debit Credit Event b Record entry Clear entry View general journal Journal entry worksheet Record the payment of the dividend. Note: Enter debits before credits. General Journal Debit Credit Event Record entry Clear entry View general journal Journal entry worksheet Record the issue of 117,000 new shares of $0.10 par value, for $2 per share. Note: Enter debits before credits. General Journal Debit Credit Event d Record entry Clear entry View general journal Journal entry worksheet