Required information Problem 10-6A (Algo) Record equity transactions and prepare the stockholders' equity section (LO10-2, 10-3, 10-4, 10-5, 10-7) [The following information applies to the questions displayed below] Golf Apparel has two classes of stock authorized: 4%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024, its first year of operations: January 2 Insue 120,000 shares of eommon steck for $6s per sbare. Tebruary 14 Issue 58,000 shares of preferred atock for $13 per share. May a Purchase 22,000 ahares of its own conmon stoek for 55B per share. May 31 lesel1 6,000 shares of treasury stek for 563 per share. December 1 Declare a cash dividend on its corson stock of \$0.35 per whare and a $23,200 (4t of par value) eash dividend on its preferred stoek payable to ali stoekholders of record on Decenber 15 . The dividesd is payable on Decerber 30. (Hints Dividenda are not paid on treasary stock.) Decenber 30 pay the cash dividends declared on pecenber 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.)