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 Issue 12, eee shares of combon stock for $62 per share. February 14 Issue 52 , 600 shares of preferred stock for $13 per share. May 8 Purchase 12 , eee shares of its own comon stock for $52 per share. May 31 Resel2 6 , 0e0 shares of treasury stock for $57 per share. December 1 Declare a cash dividend on its common stock of $0,60 per share and a $20,800 (45 of par value) cash dividend on its preferred stock payable to all stockholders of record on December 15 . The dividend is payable on December 30 . (Hint? Dividends are not paid on treasury stock.) December 3e Pay the cash dividends declared on December 1. Record the resale of 6,000 shares of treasury stock for $57 per share. Record the declaration of a cash dividend on its common stock of $0.60 per share and a $20,800 ( 4% 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.) Record the entry on December 15, the date of record. Record the payment of the cash dividends declared on December 1 . GOLF APPAREL Balance Sheet (Stockholders' Equity Section) December 31, 2024 \begin{tabular}{|l|l|} \hline Stockholders' Equity: & \\ \hline & \\ \hline & \\ \hline & \\ \hline Total Paid-in Capital & \\ \hline & \\ \hline & \\ \hline & $ \\ \hline Total Stockholders' Equity & $ \\ \hline \end{tabular} Record the issuance of 120,000 shares of common stock for $62 per share. Record the issuance of 52,000 shares of preferred stock for $13 per share. Record the purchase of 12,000 shares of its own common stock for $52 per share. Record the resale of 6,000 shares of treasury stock for $57 per share