5315.000 8% preferred stock, $25 par value, 50,000 shares authorized: 12,600 shares issued and outstanding Common stock, $10 par value, 200,000 shares authorized 75,000 shares issued and outstanding Paid.in capital in excess of par value--preferred stock Paid in capital in excess of par valuecommon stock Retained earnings 750,000 127,500 450,000 555,000 During the year, the following transactions occurred, Jan. 10 Issued 42,000 shares of common stock for $18 cash per share. Jan. 23 Repurchased 12,000 shares of common stock at $20 cash per share Mar. 14 Sold one half of the treasury shares acquired January 23 for $22 cash per share. July, 15 Issued 3,900 shares of preferred stock for $192,000 cash. Nov. 15 Sold 1,500 of the treasury shares acquired January 23 for $26 cash per share Required a. Use the financial statement effects template to indicate the effects from each of these transactions. Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction Note: Indicate a decrease in an account category by including a negative sign with the amount. Balance Sheet Liabilities Contrib. Capital Transaction Cash Earned Capital Noncash Assets Asset Jan 10 a Common Stock . Jan 23 . Mar 14 . . . Treasury Stock . July 15 . Preferred Stock 4 + Nov. 15 . Treasury Stock Net Income = Il 11 11 Expenses Revenues b. Prepare the stockholders' equity section of the balance sheet assuming the company reports net income of $181,500 for the current year, Note: Do not use a negative sign with any of your answers. 5 XPRESS MEDIA COMPANY Stockholders' Equity Paid.in capital 8% preferred stock, $25 par value 50,000 shares authorized shares issued and outstanding Common stock, 510 par value. 200,000 shares authorized; shares issued. (4.500 shares in treasury) Additional paid in capital Paid-in capital in excess of par value-preferred stock Paid in capital in excess of par value-common stock Paid-in capital from treasury stock Total paid.in capital Retained earnings common shares) at cost Less Treasury stockr 4,500 Total stockholders' equity 5