E8-25A.Show how each of the following transactions affect the accounting equation:

March 1: Issued 75,000 shares of $0.02 o=par value common stock for cash of $99,750

April1: Issued 1,000 shares of $95 par value preferred stock for cash at $115 per share

June 3: Purchased 1,000 shares of treasury stock for $3 per share (i.e., the company bought its own common stock in the stock market)