Required Information [The following information applles to the questions displayed below.] The annual report for Mallbu Beachwear reported the following transactions affecting stockholders' equity: a. Purchased $351,100 of common stock now held in treasury. b. Declared cash dividends in the amount of $260,550. c. Pald the dividends in (b). d. Issued 111,000 new shares of $0.10 par value common shares for $2 per share. e. Closed the Dividends account. repare journal entrles to record each of these events. (If no entry is requlred for a transactlon/event, select "No ournal Entry Required" In the first account fleld.) Journal entry worksheet 5 Record the purchase of $351,100 common stock now held in treasury. Note: Enter debits before credits