Required information [The following information applies to the questions displayed below] Golf Apparel has two classes of stock authorized: 4%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024 , its first year of operations: January 2 Issue 120,000 shares of coathon atock tor $65 per share. February 14 Issue 55,000 shares of preferred ntoek for $13 per share. May 8 Purchase 12,000 sharea of its own conmon stock tor $55 per share. May 31 Resel1 6,000 shares of treasury stock tor 560 per ohare. December 1 Declare a cash dividend on its combon stoek of 50.75 per share and a 522,000 (4t of par value) cast dividend on its preferred wtock payable to all stookholdors of record on Deceaber 15. The dividend in payable on December 30. (Hint: Dividend are not paid on treasury atoek.) December 30 Pay the cash dividendn declared on December 1. Required: 1. Record each of these transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)