Completion Status: Moving to another question will save this response Question 1 (7.5 Grades) Hamad Town Company had the following balances in the stockholders' equity accounts at Dec. 31, 2020: -Common stock, $10 par, 50,000 shares authorized, 30,000 shares issued and outstanding -Paid in Capital in Excess of Par Value, Common Stock. Retained Earnings. The following transactions occurred during 2021: $300,000 200,000 500,000 1. Feb. 20, Purchased 2,000 of its own shares for $15 per share. 2. March 10. Declared a $1 per share cash dividend on the outstanding common stock. 3. April 07. Paid the cash dividends declared early in March 10. 4.May 20; Sold all treasury shares for $16 each. 5.Oct. 1: Declared 10% stock dividends on the outstanding common stock for the record of Nov. 1 and to be distributed on Dec. 10. The market value of stock on Oct 1 was $14 per ahane 6. Dec. 10. Distributed the shares which declared on Oct. 1. 7. Dec. 25: Implemented a 2-for-1 stock spit, when the market value of stock was $20 per share 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: un 1 January 2020, XYZ Company pays $10,000 cash to purchase and 12/2020 Dr. Land C 10,000 10.000 For the toolbar, press ALT+F10 PC) or ALT+F+F10 (Mac B IVS LE IN D Q M Question fa 7.5 points A