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For the following transactions. a. Sold 1,700 shares of $50 par value preferred stock at $52.50 per share. b. Declared the annual cash dividend of

For the following transactions.

a.

Sold 1,700 shares of $50 par value preferred stock at $52.50 per share.

b.

Declared the annual cash dividend of $4.10 per share on common stock. There were 9,300 shares of $1 par value common stock issued and outstanding throughout the year.

c.

Issued 2,500 shares of $50 par value preferred stock in exchange for a building when the market price of preferred stock was $54 per share.

d.

Purchased 700 shares of preferred stock for the treasury at a price of $56 per share.

e.

Sold 250 shares of the preferred stock held in treasury (see d) for $57 per share.

f.

Declared and issued a 15% stock dividend on the $1 par value common stock when the market price per share was $36.

Part I. Show the effect (if any) of each of the above transactions on each financial statement category by selecting a plus (+) or minus (

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