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Global Marine obtained a charter from the state in January 2013, which authorized 1,000,000 shares of common stock, S5 par value. During the first year,

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Global Marine obtained a charter from the state in January 2013, which authorized 1,000,000 shares of common stock, S5 par value. During the first year, the company earned S410,000 of net income and the following selected transactions occurred in the crder given: a. Issued 110,000 shares of the common stock at S56 cash per share. Reacquired 26,000 shares at $51 cash per share c, Reissued 10,500 shares from treasury for $52 per share, d. Reissued 10,500 shares from treasury for $50 per share, Required 1. Indicating the account. amount, and direction of the effect forincrease and for decrease) for the above transaction. (Enter all amounts as positive values. Transaction Assets a. cash +v 6.160.000 b. Cash V +x 1,326.000 546.000 Cash 525,000 Cash Answer is not complete Liabilities Stockholders' Equity +V 60,000X Common Stock +V 6000,000x Additional Paid-in Capital Treasury Stock 32,600X v +v 500,000X Treasury Stock v +v 46,000X Additional Paid-in Capital v +V 546,000X Treasury Stock Additional Paid-in Capital

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