At December 31, 2018, Southern Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts). (Click the icon to view the data.) Southern's 2019 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 Southern's stockholders' equity? Requirement 1. Journalize Southern'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 12 million shares of common stock for $11.50 per share. Journal Entry Accounts Date Debit Credit c. Purchase of 11 million shares of treasury stock for $154 million. Journal Entry Accounts Date Debit Credit d. Sold 7 million of the treasury shares purchased in partc for $105 million Journal Entry Date Accounts Debit e 1. Declaration and payment of cash dividends of $29 million Journalize the declaration of the dividend only. You will prepare the journal entry for the payment of the dividend next. Journal Entry Accounts Date Debit Credit e 1. e 2. Declaration and payment of cash dividends of $29 million. Now journalize the payment of the cash dividends. Journal Entry Accounts Date Debit Credit e 2. Requirement 2. What was the overall effect of these transactions (parts a through e) on Southern's stockholders' equity? The overall net effect on stockholders' equity is a of $ . i Data Table Common stock, $3.00 par value per share, 27 million shares issued Paid-in capital in excess of par value Retained earnings Treasury stock, at cost Total stockholders' equity Print Done * More Info a. Net income, $448 million b. Issuance of 12 million shares of common stock for $11.50 per share c. Purchase of 11 million shares of treasury stock for $154 million d. Sold 7 million of the treasury shares purchased in partc for $105 million e. Declaration and payment of cash dividends of $29 million Print Done