At December 31, 2018, Eastern Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts). (Click the icon to view the data.) Eastern's 2019 transactions included A (Click the icon to view the transactions.) Requirements 1. Journalize Eastern'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 Eastern's stockholders' equity? Requirement 1. Journalize Eastern's transactions in b, c, d, and e. Explanations are not required. (Enter amounts in millions as provided to you in the problem statement. Record debits first, then credits. Exclude explanations from any journal entries.) b. Issuance of 8 million shares of common stock for $14.00 per share. Journal Entry Accounts Date Debit Credit X - - X More Info Data Table a. Net income, $448 million b. Issuance of 8 million shares of common stock for $14.00 per share c. Purchase of 4 million shares of treasury stock for $48 million d. Sold 3 million of the treasury shares purchased in part c for $39 million e. Declaration and payment of cash dividends of $36 million Common stock, $3.00 par value per share, 30 million shares issued ... Paid-in capital in excess of par value Retained earnings Treasury stock, at cost Total stockholders' equity 375 Print Done Print Done