A: December 31, 2021, Southern Corporation reported the stockholders' equity accounts shown here (with dollar amounts in milions, except per-share amounts) (Click the icon to view the data) Southern's 2022 transactions included (Click the icon to view the transactions.) Requirements 1. Journalize Southern's transactions in parts b, c, d, and e. Explanations are not required. 2. What was the overall effect of these transactions (parts a-e) on Southem's stockholders' equity? Requirement 1. Journalize Southem's transactions in b, c, d, and e. Explanations are not required. (Enter any journal entries) b. Issuance of 8 million shares of common stock for $11.00 per share. Date b. Cash Journal Entry Accounts Common Stock Paidin Capital in Excess of Par-Common Debit Credit 68 24 - X Data table blanations from Common stock, $1.00 per value per share, 23 million shares issued Paid-in capital in excess of par value 23 81 Retained earnings 200 (110) Treasury stock, at cost Total stockholders' equity More info $ 274 X a. Net income, $450 mon b. Issuance of 8 million shares of common stock for $11.00 per share e. Purchase of 3 milion shares of treasury stock for $36 million d. Sold 1 million of the treasury shares purchased in partc for $13 million e. Declaration and payment of cash dividends of $36 million