Analyzing and Identifying Financial Statement Effects of Stock Transactions McNichols Corp. reports the following transactions relating to its stock accounts Jan. 15 ssued 50,000 shares of $5 par value common stock at $17 cash per share. Jan. 20 issued 12,000 shares of $50 par value, 8% preferred stock at $78 cash per share. Mar. 31 Purchased 6,000 shares of its own common stock at $20 cash per share. June 25 Sold 4,000 shares of the treasury stock at $26 cash per share July 15 Sold the remaining 2,000 shares of treasury stock at $19 cash per share