24 Required information [The following information applies to the questions displayed below.] Part 1 of 3 Whyville Corporation obtained its charter from the state in January that authorized 500,000 shares of common stock, $1 par value. During the first year, the company earned $57,000, declared no dividends, and the following selected transactions occurred in the order given: 0.31 points 04:31:03 a. Issued 190,000 shares of the common stock at $22 cash per share. b. Reacquired 4,900 shares at $23 cash per share to use as stock incentives for senior management. Skipped eBook Required: 1. Indicate the account, amount, and direction of the effect for the above transactions. (Enter any decreases to Assets, Liabilities and Stockholders' Equity with a minus sign.) References Assets Liabilities + Stockholders' Equity a. b. Journal entry worksheet