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 $380,000 of net income and declared no dividends; the following selected transactions occurred in the order given: Issued 100,000 shares of the common stock at $53 cash per share. Reacquired 23,000 shares at $48 cash per share. Reissued 9,000 shares from treasury for $49 per share. Reissued 9,000 shares from treasury for $47 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.)