The following information applies to the questions displayed below) National League Gear has two classes of stock authorized: 4%, $20 par preferred, and $5 par value common. The following transactions affect stockholders' equity during 2018, National League's first year of operations: February 2 Issue 11 million shares of common stock for $26 per share. February 4 Issue 510,000 shares of preferred stock for $23 per share. June 15 Repurchase 110,000 shares of its own common stock for $21 per share. August 15 Reissue 82,500 shares of treasury stock for $36 per share. November 1 Declare a cash dividend on its common stock of $110 per share and a $408,000 (4% of par value) cash dividend on its preferred stock payable to all stockholders of record on November 15. (Hint Dividends are not paid on treasury stock.) November 30 Pay the dividends declared on November 1. Required information 1.25 points Required: 1. Record each of these transactions (if no entry is required for at onlevent, select "No journal entry required in the first account field.) View transaction ist Journal entry worksheet SAMSUNG 2. Prepare the stockholders' equity section of the balance sheet as of December 31, 2018. Net income for the year was $4,810,000. (Amo deducted should be indicated by a minus sign.) NATIONAL LEAGUE GEAR Balance Sheet (Stockholders' Equity Section) December 31, 2018 Stockholders' equity Total paid in capital Total stockholders' equity $