Assume Frozen Foods, Inc., completed the following transactions during 2021, the company's 10th year of operations: (i) (Click the icon to view the transactions.) Requirements 1. Analyze each transaction in terms of its effect on the accounting equation of Frozen Foods. 2. What impact did each transaction have on cash flows? Requirements 1 and 2. Analyze each transaction in terms of its effect on the accounting equation of Frozen Foods. What impact did each tra More info \begin{tabular}{ll} \hline Feb 3 & Issued 14,000 shares of common stock ( $2.00 par) for cash of $462,000. \\ Mar 19 & Purchased 2,000 shares of the company's own common stock at $26 per share. \\ Apr 24 & Sold 1,300 shares of treasury common stock for $26 per share. \\ Aug 15 & \begin{tabular}{l} Declared a cash dividend on the 12,000 shares of $0.10 no-par preferred stock. \\ Sep 1 \end{tabular} \\ Nov 22 & \begin{tabular}{l} Declared the cash dividends. \\ common stock outstanding. The market value of the common stock was $30 per share. \end{tabular} \\ \hline \end{tabular}