E10-22A. (Learning Objectives 2, 3, 4: Account for issuance of stock; show how treasury stock affects a company; account for dividends) At December 31, 2014, Harelik Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts) Common stock $1.50 par value per share, 2.400 million shares issued.. 3,600 Paid in capital in excess of par value.200 1,490 85) Total stockhokders equity $12,205 Retained earnings Treasury stock, at cose Harelik's 2015 transactions included a. Net income, $380 million b. Issuance of 18 million shares of common stock for $12.00 per share c. Purchase of 8 million shares of treasury stock for $120 million d. Sold 5 million of the treasury shares purchased in part c for $80 million e. Declaration and payment of cash dividends of $24 million Requirements 1. Journalize Harelik's transactions in parts b, c, d, and e. Explanations are not required. 2. What was the overall effect of these transactions (parts a through e) on Harelik's stockholders' equity