1. record the issue of additional common stock

2. Record the issue of preferred stock

3.Record the purchase of treasury stock

4.Record reissue of treasury stock purchased

5. Record declaration of cash dividend

6. Record the entry on the data record

7. Record the payment of cash dividends declared

/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, Natio February 2 Issue 1.5 million shares of common stock for $35 per share. February 4 Issue 600,000 shares of preferred stock for $23 per share. June 15 Repurchase 150,000 shares of its own common stock for $30 per share. August 15 Reissue 112,500 shares of treasury stock for $45 per share. November 1 Declare a cash dividend on its common stock of $1.50 per share and a $480,000 (4% of par value) cash dividend on its preferred stock payable to all stockholders of rec November 30 Pay the dividends declared on November 1. value: 700 points Required: 1. Record each of these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the issue of additional common stock. Note: Enter debits before credits. Date February 02, 2018 General Journal Debit i Credit value: 10.00 points 2. Prepare the stockholders' equity section of the balance sheet as of December 31, 2018. Net income for the year was $4,900,000. (Amounts to be deducted should be indicated by a minus sign.) NATIONAL LEAGUE GEAR Balance Sheet (Stockholders' Equity Section) December 31, 2018 Stockholders' equity Total pald-n capital Total stockholders' equity References eBook & Resources Financial Statements Leaming Objective: 10-03 Contrast preferred stock with common stock and bonds payable Leaming Objective: 10-07 Prepare and analyze the stockholders' equity section of a balan stockholders' equity