Inga Town Company had the following balances in the stockholders' equity wants Dec. 11, Common stock, $20 par, 100,000 shares authored, 30,000 sharessed and outstanding 500.000 Paid in Capital in Excess of Par Value, Common Stock Retained Earnings MOO 1000000 The following transactions occurred during 2021: 1 Feb 20 Purchased 4,000 of its own shares for $ 30 per share 2 March 10: Declared a $1 per share cash dividend on the outstanding common stock 3. April OZ Paid the cash dividends declared early in March 10 4 May 20 Sold all treasury shares for $32 each 5. Oct 1 Declared 10% stock dividends on the outstanding common stock for the record of how and to be distributed on Dec 10 Thebe share 6. Dec. 10 Distributed the shares which declared on Oct 1 7 Dec 25. Implemented a 2-for-1 stock split, when the market value of stock was $26 pet show NOTE: If there is no entry, please write: "NO ENTRY" Required: Prepare Journal entries to record transactions that occurred during 2021. CLEARLY INDICATE THE DEBITS & CREDITS Example on 1 January 2020, XYZ Company pays $10,000 cash to purchase and Answer 1712020 Dr Land 10,000 Cr Cash 10,000 press ALT+F10 (PC) or ALT+FN+F10 (Mac). 10pt I X6 BQ A