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Required information Problem 10-6A (Algo) Record equity transactions and prepare the stockholders' equity section (LO10-2, 103,104,105,107) [The following information applies to the questions displayed below] Little League Apparel has two classes of stock authorized: 5%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 Issue 100 , eae shares of comnon stock for $60 per share. February 14 Issue 50,600 shares of preferred stock for s11 per share. May 8 Purchase 10, eee shares of its own common stock for sse per share. May 31 Reselt 5,000 shares of treasury stock for' $55 per share. December 1 Declare a cash dividend on its connon stock of $0.50 per share and a $25, 00e (5\$ of par value) cash dividend on its preferred stock payable to all stockholders of record on Decenber 15. The dividend is payable on December 30. (Hint: Dividends are not paid on treasury stock.) Decenber 3e Pay the cash dividends declared on Decenber 1. Problem 10-6A (Algo) Part 1 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.) Journal entry worksheet 4567 Record the issuance of 100,000 shares of common stock for $60 per share. Note: Enter debits before credits