At December 31, 2021, Eastern Corporation reported the stockholders' equity accounts shown here (with dollar amounts...

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At December 31, 2021, 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 2022 transactions included (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 4 million shares of common stock for $11.00 per share. Date Data table b. More info Common stock, $4.00 par value per share, 22 million shares issued Paid-in capital in excess of par value $ 88 a. Net income, $446 million 11 b. Issuance of 4 million shares of common stock for $11.00 per share c. Purchase of 7 million shares of treasury stock for $77 million Retained earnings Treasury stock, at cost Total stockholders' equity 240 (50) d. Sold 4 million of the treasury shares purchased in part c for $48 million 289 e. Declaration and payment of cash dividends of $30 million Print Done Print Done At December 31, 2021, 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 2022 transactions included (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 4 million shares of common stock for $11.00 per share. Date Data table b. More info Common stock, $4.00 par value per share, 22 million shares issued Paid-in capital in excess of par value $ 88 a. Net income, $446 million 11 b. Issuance of 4 million shares of common stock for $11.00 per share c. Purchase of 7 million shares of treasury stock for $77 million Retained earnings Treasury stock, at cost Total stockholders' equity 240 (50) d. Sold 4 million of the treasury shares purchased in part c for $48 million 289 e. Declaration and payment of cash dividends of $30 million Print Done Print Done