a)Issued 100,000 shares of common stock at $5 each; 1,000,000 shares are authorized at $1 par value. b)Issued 10,000 shares of common stock for a building and land. The building was appraised for $20,000, but the value of the land is undeterminable. The stock is selling for $10 ob the open market. c)Purchased 1,000 shares of its own common stock on the open market for $16 per share. d)Declared a dividend of $0.10 per share on outstanding common stock. The dividend is to be paid after the end of the first year of operations. Market value of the stock is $26. e)Declared a 2-for -1 stock split. The market value of the stock was $37 before the stock split. f)Reported $180,000 of income for the year. 1.Indicate each transactions effect on the assets, liabilities and stockholders equity of Horton Inc. 2.Prepare the stockholders Equity section of the balance sheet. 3.Write a paragraph that explains the number of shares of stock issued and outstanding at end of the year