119. Determine the effect of the following transactions on the financial statement components identified. Code your answers as follows: A. If the transaction results in an increase in the financial statement component. B. If the transaction results in a decrease in the financial statement component. C. If the transaction does not affect the financial statement component. Transaction 1: Common stock was sold at a price in excess of par value. Net income Total assets Stockholders' equity Transaction 2: Treasury stock was purchased using cash. Net income Total assets Stockholders' equity Transaction 3: Treasury stock was sold for cash at a price less than the treasury stock's cost. Net income Total assets Stockholders' equity Transaction 4: Treasury stock was sold for cash at a price greater than the treasury stock's cost. Net income Total assets Stockholders' equity