Taking Flight Corporation designs and produces a line of golf equipment and golf appare. Taking Flight has 100,000 shares of common stock outstanding as of the beginning of 2024. Taking Flight has the following transactions affecting stockholders' equity in 2024. March 1 Tssues 49,000 additional shares of $1 par value common stock for $46 per nhare. May 10 Purchases 4,400 shares of treasury stock for $49 per share. June 1 Declares a canh dividend of $1,20 per share co al1 stockholders of record on June 15 . (Hint: Dividends are not paid on treasury stock.) July 1 Pays the cash dividend declared on June 1. Oetober 21 Renelld 2,200 whares of treasury stoek purchaeed on May 10 for $54 por share. Journal entry worksheet 5 Record the issuance of 49,000 additional shares of $1 par value common stock for $46 per share. Note: Enter debits before credits. Journal entry worksheet Record the purchase of 4,400 shares of treasury stock for $49 per share. Note: Enter debits before credits. Journal entry worksheet Record the declaration of a cash dividend of $1.20 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.) Note: Enter debits before credits. Journal entry worksheet $54 per share. Note: Enter debits before credits