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.] Tennis Apparel has two classes of stock authorized: 6%,$10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2024 , its first year of operations: January 2 Is isue 110,099 shares of common stack for 364 per share. February 14 Issue 54,000 shares of preferred stock for 512 per share. May \& Purchase 11,000 shares of its cwn combon stock for ssa per share. May 31 Kosel1 5,500 thares of treasury stock for 559 per share. Decenber 1 Declare a cash dividend on Its comaon stock of $0.70 per share and a 532,400 (6x of par value) cash dividend on its preferred stock paysble to al1 stockholders of record on Decenber 15. The dividend is payable on December 3e. (rrinti Dividends are not paid on treasury stock.) December 30 Pay the cash dividends declared on Decentier i. Problem 10-6A (Algo) Part 1 Required: 1. Record each of these transactions. (If no entry is required for a transoction/event, select "No Journal Entry Roquired" in the first account field.)