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Required information [The following information apptins to the questions displayed below] Golr Apparel has two classes of stock authorized 4%,$10 par preferred, and $1 par value common. The following transactions affect stockhoiders' equity during 2024 , its first year of operations: zanutry 2 Issue 120,000 shares of comon stock for $62 per share. Yebruary 14 Iswe 52 , 000 shares of proferred itock for $13 per share. Hay o Purchase 12,000 , ahares of 1 ts own comoes stock for $52 per share. Hay 31 thesell 6,000 shares of treasury stack for $57 per share. Oecenber I Declare a cash dividend on Its comon stock of $0,60 per share and a 830,060 (4X of par yalue) cash dividend on its prefecred stock-psyable to all stockholders of record on Oecenber 15 . The dividend is Oecenber so pay the eash dividends declored on Decenber 1 . equired: - Record each of these transactions. (If no entry is required for a transaction/event, select "No Joumal Entry Required" in the first ccount field.) Journal entry worksheet 2345 Record the issuance of 120,000 shares of common stock for $62 per share. Note: Enter debits before credits