At December 31, 2021, Northeast Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts). (Click the icon to view the data.) Northeast's 2022 transactions included (Click the icon to view the transactions.) Requirements 1. Journalize Northeast'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 Northeast's stockholders' equity? Requirement 1. Journalize Northeast'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 22 million shares of common stock for $12.50 per share. Date b. Data table Journal Entry Accounts Debit Credit Common stock, $4.00 par value per share, 27 million shares issued $ 108 Paid-in capital in excess of par value 14 Retained earnings 285 Treasury stock, at cost (90) $ 317 Total stockholders' equity More info a. Net income, $441 million b. Issuance of 22 million shares of common stock for $12.50 per share c. Purchase of 7 million shares of treasury stock for $77 million d. Sold 3 million of the treasury shares purchased in part c for $45 million e. Declaration and payment of cash dividends of $27 million Print Done - X