2-JOURNAL ENTRIES FOR A CORPORATION (20 points) On January 1, 2018, the Jim Dandy Candy Co. 100,000 shares of $5 par common stock authorized; 42,000 shares were issued and outstanding. Jan. 4 May 12 June 14 Aug. 24 Oct. 7 Nov. 2 Dec. 2 Sold 21,000 shares of $5 par common stock for $16 per share. Purchased 2,350 shares of treasury stock for $20 per share. Re-issued 920 of the treasury shares for $23 per share. Purchased equipment with a fair market value of $84,000 by paying $25,000 in cash, issuing a note payable for $15,000 and issuing 2,000 shares of $5 par common stock. Issued 600 shares of stock in exchange for legal services. The value of the stock at the time of issue was $21 per share. Declared a $0.80 per share dividend on the outstanding shares of common stock to be paid on January 4, 2019. Declared a 3% stock dividend to be distributed on February 2, 2019. The market price of the stock on December 2 is $19 per share. (Round the number of shares to the nearest whole share)