Required Information E1-5 (Algo) Reporting Stockholders' Equity and Determining Dividend Polley L011-1, 11-3,1-4, 11-7 The following information applies to the questions displayed below) Tatrant Corporation was organized this year to operate a financial consulting business. The chanter surorted the following stock common stock $11 par value 12,600 shares authorized. During the year, the following selected transactions were completed: a. Sold 6.000 shares of common stock for cash at $22 per share. b. Sold 2,600 shares of common stock for cash at $27 per share. c. At year end, the accounts reflected income of $7.700. No dividends were declared E11-5 Part 1 Required: 1. Prepare the journal entries required to record the sale of common stock in (a) and (5). (If no entry is required for a transaction/event, select "No Journal entry required in the first account field.) View Transaction et Journal entry worksheet > Sold 6.000 shares of common stock for cash at $22 per share Nos Direcret Transaction General ou Debit Credit econd Carry Vima paramilleurnal