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1. A company report the following transactions about stock related transactions in 2019. a) The company issues 20,000 shares of $5 par value preferred stock

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1. A company report the following transactions about stock related transactions in 2019. a) The company issues 20,000 shares of $5 par value preferred stock at $50 cash per share b) Issued 50,000 shares of $2 par value common stock at $40 cash per share. c) Paid cash dividend of $10 per preferred share. d) Paid cash dividend of $5 per common share. e) Repurchases 20,000 shares of its own stocks at $30 cash per share. f) Sold 10,000 shares of treasury stock at $45 cash per share. (Required) Indicate the financial statement effects using the following template: Income Statement Balance Sheet Cash Contrib. Capital Net Noncash Earned Transaction Income Expenses Asset Capital Revenues Assets Liabilities a) b) c) d) e)

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