Required information [The following information applies to the questions displayed below.) Brice Co. completed the following transactions in Year 1, the first year of operation: Un 1. Issued 49,000 shares of no-par common stock for $10 per share. 2. Issued 8,900 shares of $20 par, 5 percent, preferred stock for $20 per share. 3. Paid a cash dividend of $8,900 to preferred shareholders. 4. Issued a 10 percent stock dividend on no-par common stock. The market value at the dividend declaration date was $12 per share. 5. Later that year, issued a 2-for-1 split on the shares of outstanding common stock. The market price of the stock at that time was $50 per share. 6. Produced $172,000 of cash revenues and incurred $81,000 of cash operating expenses. 7. Closed the revenue, expense, and dividend accounts to retained earnings. b. Record the Year 1 transactions in general journal form and post them to T- accounts. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Required information View transaction list Journal entry worksheet 2 3 4 5 6 7 8 Issued 49,000 shares of no-par common stock for $10 per share. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View gene