Required information [The following information applies to the questions displayed below.] Donnie Hilfiger has two classes of stock authorized: $1 par preferred and $0.01 par value common. As of the beginning of 2024,430 shares of preferred stock and 5,300 shares of common stock have been issued. The following transactions affect stockholders' equity during 2024 : March 1 Issue 2,400 shares of common stock for $55 per share. May 15 Purchase 530 shares of treasury stock for $48 per share. July 10 Resel1 330 shares of treasury stock purchased on May 15 for $53 per share. October 15 Iasue 330 shares of preferred stock for $58 per share. December 1 Declare a cash dividend on both common and preferred stock of $1.80 per share to a11 stockholders of record on December 15. (Hint: Dividends are not paid on treasury stock.) December 31 Pay the cash dividends declared on December 1. Donnie Hilfiger has the following beginning balances in its stockholders' equity accounts on January 1, 2024: Preferred Stock, \$430; Common Stock, \$53; Additional Paid-in Capital, $82,500; and Retained Earnings, $33,100, Net income for the year ended December 31,2024 , is $13,400. luired: ecord each of these transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in first account field.) Inurnal entru wnrkchaet Journal entry worksheet Record the issuance of 2,400 shares of common stock for $55 per share. Note: Enter debits before credits. Journal entry worksheet 67 Record the purchase of 530 shares of treasury stock for $48 per share. Note: Enter debits pefore credits. Journal entry worksheet Record the resale of 330 shares of treasury stock purchased on May 15 for $53 per share. Note: Enter debits pefore credits. Journal entry worksheet Record the issuance of 330 shares of preferred stock for $58 per share. Note: Enter debits before credits. Journal entry worksheet Record the declaration of a cash dividend on both common and preferred stock of $1.80 per share to all stockholders. (Hint: Dividends are not paid on treasury stock.) Note: Enter debits pefore credits. Journal entry worksheet