helppp 2

Data table More info a. Net income, $448 million b. Issuance of 16 million shares of common stock for $12.00 per share c. Purchase of 10 million shares of treasury stock for $140 million d. Sold 7 million of the treasury shares purchased in part c for $105 million e. Declaration and payment of cash dividends of $34 million At December 31, 2021, Mountain Corporason reported the stockholders' equly accourts shown here (with delar ameucits in millons, ewcept per-share amounts) (Cick the icon to viow the data?) Requirements 1. Joumatice Mountair's transactions in parts b, c, d, and .e. Explanylions are not required 2. What was the overall eloct of these transactions (parts a-e) on Mountan's sockholders' equity? Requirement 1. Journalie Mountan's transactions in b, c, d, and e. Explanosons are not recuired. (Enter amounta in malfons as provided to you in the probiem satoment Regord debis ingt, then credat. Exdide explanations from any lournal entries.) b. iswance of 16 milion shares of common stock for $12.00 por share. c. Purchase of 10 miflion shares of treasury stock for 5140 milion d. Sold 7 million of the treasury shares purchased in part c for $105 million - 1. Declaration and payment of cash dividends of $34 malion. Joumalize the declaration of the dimdend only. You will prepare the joumal entry for the payment of the dividend next. e 2. Dectarntion and payment of cash dividends of $34 million Naw joumalue the payment of the cash dividends. Requirement 2. What was the overall effect of these transactions (parts a through 6 ) en Mountains atockholders' equity? (Entar a not decraase wih a minus sign or parentheses.) The ovorat net increase (Gecrease) on tsockhobdors" equity, in malions, is