Following is the stockholders' equity of Sharp Corporation at the start of the current year. 8% preferred stock. $50 par value. 10,000 shares authorized 8.000 shares issued and outstanding $400,000 Common stock, $20 par value, 50,000 shares authorized; 25,000shares issued and outstanding 500,000 Paid in capital in excess of par value preferred stock 70,000 Paid-in capital in excess of par value-common stock 385,000 Retained earnings 228.000 Total stockholders' equity 51.593,000 The following transactions, among others, occurred during the current year, Jan. 15 Issued 1,000 shares of preferred stock for $60 cash per share Jan. 20 Issued 4,000 shares of common stock at $34 cash per share, May. 18 Announced a 2-for-1 common stock split, reducing the par value of the common stock to $10 per share. The number of shares authorized was increased to 100,000 shares. June, 1 Issued 2.000 shares of common stock for $56,000 cash. Sep. 1 Repurchased 2.500 shares of common stock at $16 cash per share Oct. 12 Sold 900 treasury shares at 519 cash per share. Dec. 22 Issued 500 shares of preferred stock for $57 cash per share. Required Use the financial statement effects template to indicate the effects of each transaction Note: For each account category, indicate the appropriate account name. Enter "NA" for any account category that is not used for a given transaction. s Note:Indicate a decrease in an account category by including a negative sign with the amount Balance Sheet Income Statement Cash Asset Contrib. Capital Earned Capital + Noncash Assets Liabilities Revenues Expenses Transaction Jan. 15 Net -Income 0 0 . 0- 0 . 0 0 . 0 0 . . Preferred stock 0 . 0 Jan 20 0 0 0 0= . 0 . 0 . . Common stock . May 18 0 0 O . 0 . 0 0 O- . 0 o 0 0 . . . June 1 0- 0- . 0 . 0 . 0 0 . Common stock 0 . 0 . 0 Sept. 1 0 0 . O- 0 . 0 . 0 . 0 0- . 0. . Oct. 12 0 0 0 - 0 0 0 . 0 . 0- . . Treasury stock . O . 0 Dec. 22 0 0= 0 0 0 . 0 . 0 Preferred stock . 0 . Options for drop-downs: Additional Paid-in Capital-CS Additional Paid-in Capital-PS Cash Common Stock Preferred Stock Retained Earnings Treasury Stock N/A