At December 31, 2021, Northern Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per share amounts). (Click the loon to view the data.) Northern's 2022 transactions included A (Click the icon to view the transactions.) Requirements 1. Journalize Northern's transactions in parts b, c, d, and e. Explanations are not required 2. What was the overall effect of these transactions (parls a-c) on Northerri's stockholders' equity? c) Requirement 1. Joumalize Northern'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 18 million shares of common stock for $14.50 per share. Journal Entry More info Date Accounts Debit Credit b. b a. Net income, $450 million b. Issuance of 18 million shares of corrmon stock for $14.50 per share c. Purchase of 4 million shares of treasury stock for S44 million d. Sold 1 million of the treasury shares purchased in partc for $13 million e. Declaration and payment of cash dividends of S33 million - X Data table Done S Print 30 105 285 Common stock, $1.00 par value per share, 30 million shares issued Pald-in capital in excess of par value Retained earnings Treasury stock, at cost Total stockholders' equity ' (80) S 340 Clear all Check