At December 31, 2016, Pioneer Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts).
Common stock $3.00 par value per share, 22 million shares issued............$ 66
Paid-in capital in excess of par value...................................................33
Retained earnings.......................................................................250
Treasury stock, at cost ...............................................................(100)
Total stockholders' equity..........................................................S24v*
Pioneer's 2017 transactions included
a. Net income, $447 million
b. Issuance of 10 million shares of common stock for $14 per share
c. Purchase of 5 million shares of treasury stock for $65 million
d. Sold 4 million of the treasury shares purchased in part c for $56 million
e. Declaration and payment of cash dividends of $33 million
Requirements
1. Journalize Pioneer's transactions in parts b, c, d, and e. Explanations are not required.
2. What was the overall effect of these transactions (parts a through e) on Pioneer Corporation's stockholders' equity?