Required information [The following information applies to the questions displayed below] National League Gear has two classes of stock authorized: 4%,$20 par preferred, and $5 par value common. The following transactions affect stockholders' equity during 2024, National League's first year of operations: February 2 Issue 1.4 mlllion sharea of common stook for 529 per share. February 4. 1esue 540,000 ahares of preferred atook for 523 per whare. June 15 Purehase 140,000 shares of its own eomon stoek for 624 per ohare. August 15 Resel1 105,000 shares of treasury stoek for 439 per ahare. November 1 Declare a cash dividend on 1 ta comnon wtock of $1.40 per share and a $432,000 (4t of par value) cash dividend on ite preferred atoek payable to all atoekholdern of record on November is. (Aint' Dividesde are not paid on treasury wtock. Novnmber 30 Pay the dividendi deelared on Movember 1 . equired: Record each of these transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first count field.) Journal entry worksheet Record the issuance of 1.4 milion shares of common stock for $29 per share. Note: Enter debits before crests. \begin{tabular}{|c|c|} \hline \multicolumn{2}{|c|}{ National League Gear } \\ \multicolumn{1}{|c|}{ Balance Sheot } \\ \hline \multicolumn{2}{|c|}{ (Stockholders' Equity Section) } \\ December 31, 2024 \\ Stockholders' Equity: & \\ \hline & \\ \hline & \\ \hline & \\ \hline Total Paid-in Capital & \\ \hline & \\ \hline & \\ \hline Total Stockholders' Equity & \\ \hline \end{tabular}