Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, $5 par value. During the first year, the company earned $430,000 of net income, declared no dividends, and the following selected transactions occurred in the order given: a. Issued 100,000 shares of the common stock at $58 cash per share. b. Reacquired 28,000 shares at $53 cash per share. c. Reissued 11,500 shares from treasury for $54 per share. d. Reissued 11,500 shares from treasury for $52 per share. Required: 1. Indicate the account, amount, and direction of the effect on above transaction. (Enter any decreases to Assets, Liabilities and Stockholders' Equity with a minus sign.) X Answer is complete but not entirely correct. Liabilities Assets a. Cash 5,800,000 Cash (1,250,000) X Cash 510,000 X Cash 490,000 X b. C. d Stockholders' Equity Common Stock 500,000 Additional Paid-In Capital, Common Stock 5,300,000 Treasury Stock (1,250,000) X 500,000 X Treasury Stock 10.000 X Additional Paid-In Capital, Treasury Stock Treasury Stock 500,000 X Additional Paid-In Capital, Treasury Stock (10,000) 0000000