Glooal Marnine obtained a charter from the state in January that authorized 1.000,000 shares ot common stock. S5 per value. During the first year, the con oanreemed $450,000 or net income and the 101owinQ selected transections occuIred in the order giver a Issucd 120000 shares of the common stock at 360 cash por sharc b Reacqured 30,000 shares $56 cash per share c. Helssued 12,500 shares trom treasury tor S56 par share. dl. Helssued 12,500 shares trom treasury tor 554 per share. 8.00 polnts 2. Prepae jourmal enuries lo record eath transaction. (If no entry is required for a transactionievent select "No Journal Entry Required" In the first account field.) View trransacbon list 1 Record the issuance of 12,u shares of common stock with 5 par value for a price of 60 per share. r value Record the purchase of 30,000 shares of previously issued common stock for a price of $55 per share. 2 Record the re-issuance of 12,500 shares of treasury stock previously purchased for a price of $55 per share and sold for $56 per share. 3 Credit 4 Record the re-issuance of 12,500 shares of treasury stock previously purchased for $55 per share and sold for $54 per share. Note ,-journal entry has been entered Record entry Clear entry View general journal eBook & Resources General Journal LItticulty: 2 Medium 4.00 points 3. Prepare the stockholders' equirty section ot the balance sheet at December 31. (Amounts to be deducted should be indicated by a minus sign. GLOBAL MARINE Balance Sheet (Partial) At December 31 Stockholders Equity Contrbulod Copi al Iotal Contnbuted Capital Tolal