Check my w a PA11-1 (Static) Analyzing Accounting Equation effects, Recording Journal Entries, and Preparing a Partial Balance Sheet Involving Stock Issuance and Purchase Transactions (LO 11-21 {The following information applies to the questions displayed below! Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, $5.par value. During the first year the company eamed $400,000 of net income and declared no dividends the following selected transactions occurred in the order giver a. Issued 100.000 shares of the common stock at $55 cash per share b. Reacquired 25,000 shares at $50 cash per share cReissued 10.000 shares from treasury for $51 per share. Reissued 10.000 shares from treasury for $49 per share PA11-1 (Static) Part 1 Required: 1.Indicate the account amount and direction of the effect on above transaction Enter any decreases to Assets, Lobiles and A Stockholden' . d