Feb. 21 Issued 12,000 shares of $100 par value, 8% preferred stock at $375 cash per share Jun. 30 Purchased 1,400 shares of its own common stock at $21 cash per share. Sep. 25 Sold 700 shares of the treasury stock at $26 cash per share. a. Using the financial statement effects template, illustrate the effects of these transactions. Use negative signs with answers when appropriate. When applicable, enter total amount for contributed capital. Balance Sheet Transaction 2/20: Issued common stock shares Cash Asset 350,000 Noncash Asset Contrib Earned Contra Liabilities Capital Capital Equity Income Statement Revenues Expenses Net Income D 0 2/21 issued preferred stock shares 0+ 0+ 0 0 0. 630 Purchased own shares 0- 0+ 0 0- W25: Sold treasury stock shares 0 0+ 0+ 0 0- 0 0 b. Prepare the journal entries for these transactions. General Journal Description Debit 2/20 Cash 350,000 Credit 0 Common stock 9 Additional paid in capital 0 0 2/21 Cash Preferred stock O