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 $500,000 of net income and declared no dividends; the following selected transactions occurred in the order given: a. Issued 110,000 shares of the common stock at $65 cash per share. b. Reacquired 35,000 shares at $60 cash per share. c. Reissued 15,000 shares from treasury for $61 per share. d. Reissued 15,000 shares from treasury for $59 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.) 1 Record the issuance of 110,000 shares of common stock with a $5 par value for a price of $65 per share. 2 Record the purchase of 35,000 shares of previously issued common stock for a price of $60 per share. 3 Record the re-issuance of 15,000 shares of treasury stock previously purchased for a price of $60 per share and sold for $61 per share. 4 Record the re-issuance of 15,000 shares of treasury stock previously purchased for $60 per share and sold for $59 per share