Please record the following transactions and show your work for any math involved.

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: Junuary 2. Issue 100,000 shares of comnon stock for $66 per share. February 14 issue 56,009 shares of preferred stock for $11 per share. May 8 Purchase 10,000 shares of its own comon stock for $56 per share, May 11 Resell 5,000 shares of treasury stock for $61 per share. December 1 Declare a cash dividend on it 5 coenon stock of 50.45 per share and a $28,000 ( 5 of par yalue) cash - dividend on its preferred steck payable to all stockholders of record on Decenber 15 . The dividend is payable on Decenber 30. (Wint: Dividends are not paid on treasury stock.) Decenber to Pay the cash dividends declared on Decenber 1. roblem 10-6A (Algo) Part 1 Required: 1. Record each of these transactions. (If no entry is required for a transaction/event, select "No Journol Entry Required" in the first account field.) Required: 1. Record each of these transactions. (If no entry is required for a transaction/event, select "No Journal Er account field.) Journal entry worksheet 3 5 6 7 > Record the issuance of 100,000 shares of common stock for $66 per share. Note: Enter debits before credits. Journal entry worksheet Record the issuance of 56,000 shares of preferred stock for $11 per share. Note: Enter debits before credits. Journal entry worksheet Record the purchase of 10,000 shares of its own common stock for $56 per share. Note: Enter debits before credits. Journal entry worksheet Record the resale of 5,000 shares of treasury stock for $61 per share. Note: Enter debits before credits. Journal entry worksheet Record the declaration of a cash dividend on its common stock of $0.45 per share and a $28,000 ( 5% of par value) cash dividend on its preferred stock payable to all stockholders. The dividend is payable on December 30. (Hint: Dividends are not paid on treasury stock.) Note: Enter debits before credits. Journal entry worksheet Record the entry on December 15, the date of record. Note: Enter debits before credits. Journal entry worksheet Record the payment of the cash dividends declared on December 1. Note: Enter debits before credits