The following information applies to the questions displayed below.) Major League Apparel has two classes of stock authorized: 4%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2018, Its first year of operations: January 2 Issue 120,000 shares of common stock for $68 per share. February 14 Issue 58,000 shares of preferred stock for $13 per share. May 8 Repurchase 12.000 shares of its own common stock for $58 per share May 31 Relssue 6,000 shares of treasury stock for $63 per share. December 1 Declare a cash dydend on its common stock of $0.35 per share and a $23.200 (4% of par value) cash dividend on its preferred stock payable to all stockholders of record on December 15. The dividend is payable on December 30. (Hint Dividends are not pald on treasury stock) December 30 Pay the cash dividends declared on December 1 3 2.85 points Required 1. Record each of these transactions (if no entry is required for a particular transaction, select "No journal entry required" in the first account field.) 1.26 Journal entry worksheet e inc Journal entry worksheet 2 3 4 5 6 7 Issue 58,000 shares of preferred stock for $13 per share. Note: Enter debits before credits Date General Journal Debit Credit February 14, 2018 View transaction list Journal entry worksheet 2 5 7 Repurchase 12,000 shares of its own common stock for $58 per share. Note: Enter debits before credits. General Journal t Credit Date Debit May 08, 2018 View transaction list Journal entry worksheet 2 5 6 7 Reissue 6,000 shares of treasury stock for $63 per share. Note: Enter debits before credits. Date General Journal Debit Credit May 31, 2018 Journal entry worksheet 2 3 4 6 7 Record the declaration of cash dividends. Note: Enter debits before credits. Date General Journal Debit Credit December 01, 2018 Journal entry worksheet 2 3 4 5 Record the declaration of cash dividends. Note: Enter debits before credits Date General Journal Debit Credit December 01, 2018 Clear entry Journal entry worksheet 2 5 7 Record the entry on the date of record. Note: Enter debits before credits Date Debit Credit General Journal December 15, 2018 Clear entry View general journal Record entry list Journal entry worksheet 2 3 4 6 Pay the cash dividends declared on December 1. Record the payment of cash dividends Note: Enter debits before credits. Date General Journal Debit Credit December 30, 2018 Clear entry