Cones Inc. of Baie-Comeau completed the following transactions during 2017, the company's tenth year of operations:
Feb. 2 Issued 10,000 common shares for cash of $250,000.
Apr. 22 Sold 700 common shares for $26 per share.
Aug. 6 Declared a cash dividend on the 10,000 $0.60 preferred shares.
Sept. 1 Paid the cash dividends.
Nov. 18 Declared and distributed a 10% stock dividend on the 30,000 common shares outstanding. The market value of the common shares was $25 per share.
Requirement
Analyze each transaction in terms of its effect (in dollars) on the accounting equation of
Cones Inc?