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During 2021, Pink Corporation had the following transactions and events: 1. Issued par value preferred stock for cash at par value. 2. Issued par value
During 2021, Pink Corporation had the following transactions and events: 1. Issued par value preferred stock for cash at par value. 2. Issued par value common stock for cash at an amount greater than par value. 3. Completed a 2 for 1 stock split in which the $10 par value common stock was changed to $5 par value stock. 4. Declared a small stock dividend when the market value was higher than the par value. 5. Declared a cash dividend. 6. Issued the shares of common stock required by the stock dividend declaration in 4 above. 7. Issued par value common stock for cash at par value. 8. Paid the cash dividend. Indicate the effect(s) of each of the foregoing items on the subdivisions of stockholders' equity
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