Required information [The following information applies to the questions displayed below] Global Marine obtained a charter from the state in January that authonized 1,000,000 shares of common stock, 55 par value During the first yeor the company earned $400,000 of net income and declared no dividends, the following selected transactions occutred in the order given: a. Issved 100000 shares of the common stock at $55 cash per share. b. Rescquired 25,000 shares ot $50 cosh per share c. Relssued 10,000 shares from treasury for 551 per share d. Reissued 10,000 shares from treasury for 549 per share 2. Prepare joumol enties to record eech transoction (If no entry is required for a transaction/event, select "No Joumal Entry Required in the first occount field.) Record the issuance of 100,000 shares of common stock with a $5 par value for a price of $55 per share. 2 Record the purchase of 25,000 shares of previously issued common stock for a price of $50 per share. 3 Record the re-issuance of 10,000 shares of treasury stock previously purchased for a price of $50 per share and sold for $51 per share. 4 Record the re-issuance of 10,000 shares of treasury stock previously purchased for $50 per share and sold for $49 per share