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Edwards Inc. experienced the following events: 1. Issued common stock for cash. 2. Declared a cash dividend. 3. Issued noncumulative preferred stock for cash. 4.

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Edwards Inc. experienced the following events: 1. Issued common stock for cash. 2. Declared a cash dividend. 3. Issued noncumulative preferred stock for cash. 4. Appropriated retained earnings. 5. Distributed a stock dividend. 6. Paid cash to purchase treasury stock. 7. Distributed a 2 -for-1 stock split. 8. Issued cumulative preferred stock for cash. 9. Paid a cash dividend that had previously been declared. 10. Sold treasury stock for cash at a higher amount than the cost of the treasury stock. Required Show the effect of each event on the elements of the financial statements using a horizontal statements model. The first event is recorded as an example. Use + for increase and - for decrease. (In the Cash Flow column, use the initials OA to designate operating activity, IA for investing activity, and FA for financing activity. If there is no impact on the accounting equation leave the cells blank. Not all cells will require input.)

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