The transactions affecting the stockholders' equity accounts of DeZurik Corp. for the year ended June 30, 2020, are summarized here: 1. 380,000 shares of common stock were issued at $15.30 per share. 2. 60,000 shares of treasury (common) stock were sold for $18.4 per share. 3. Net income for the year was $1,320 (in thousands). 4. The fiscal 2020 preferred dividends were paid in full. Assume that all 90,000 shares were outstanding throughout the year ended June 30, 2020. 5. A cash dividend of $0.20 per share was declared and paid to common stockholders. Assume that transactions (1) and (2) occurred before the dividend was declared. 6. The preferred stock was split 2 for 1 on June 30, 2020. (Note: This transaction had no effect on transaction 4.) | Note: Enter debits before credits. Record entry Clear entry View general journal DeZurik Corp. had the following stockholders' equity section in its June 30, 2020, balance sheet (in thousands, except share and per share amounts): June 36 (in thousands) 2626 2319 Paid-in capital: $4.96 Preferred stock, $ 3 par value, cumulative, 266,666 shares authorized, 96,666 shares issued and outstanding $ 6,126 Common stock, $5 par value, 4,666,666 shares authorized, 3,326,666 shares issued, 3,666,666 shares outstanding Additional paid-in capital on common stock 24,568 Retained earnings Less: Treasury common stock, at cost, 1 shares Total stockholders' equity $ 68,464 $ 61,355