value: 13.00 points Exercise 10-5 Record common stock, preferred stock, and dividend transactions (LO10-2, 10-3, 10-5) talian Stallion has the following transactions during the year related to stockholders' equity. February 1 Issues 6,000 shares of no-par common stock for $16 per share. May 15 issues 700 shares of $10 par value, 12.5% preferred stock for $13 per share. October 1 Declares a cash dividend of $1.25 per share to all stockholders of record (both common and preferred) on October 15 October 15 Date of record. October 31 Pays the cash dividend declared on October 1 Required Record each of these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)