Team Comfort Specialists, Inc. reported the following stockholders' equity on its balance sheet at June 30, 2024: Click the icon to view the partial balance sheet.) Read the requirements. Requirement 1. Identify the different classes of stock that Team Comfort Specialists has outstanding. Team has outstanding. Requirement 2. What is the par value per share of Team Comfort Specialists' preferred stock? The par value per share of preferred stock is Requirement 3. Make two summary journal entries to record issuance of all the Team Comfort Specialists' stock for cash. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Common Stock-\$1 Par Value Dividends Payable-Common Dividends Payable-Preferred Paid-In Capital in Excess of Par-Common Preferred Stock Retained Earnings Requirements 1. Identify the different classes of stock that Team Comfort Specialists has outstanding. 2. What is the par value per share of Team Comfort Specialists' preferred stock? 3. Make two summary journal entries to record issuance of all the Team Comfort Specialists' stock for cash. Explanations are not required. 4. No preferred dividends are in arrears. Journalize the declaration of a $800,000 dividend at June 30,2024 , and the payment of the dividend on July 20, 2024. Use separate Dividends Payable accounts for preferred and common stock. An explanation is not required. Data table