Identifying and Analyzing Financial Statement Effects of Stock Transactions Following is the stockholders' equity of Sharp Corporation at the start of the current year. 8% preferred stock, $50 par value, 10,000 shares authorized; 12,000 shares issued and outstanding $600,000 Common stock, $20 par value, 50,000 shares authorized; 37,500 shares issued and outstanding 750,000 Paid-in capital in excess of par value-preferred stock 105,000 Paid-in capital in excess of par value-common stock 577,500 Retained earnings 357,000 Total stockholders' equity $2,389,500 The following transactions, among others, occurred during the current year. Jan. 15 Issued 1,500 shares of preferred stock for $60 cash per share. Jan. 20 Issued 6,000 shares of common stock at $34 cash per share. May. 18 Announced a 2-for-1 common stock split, reducing the par value of the common stock to $10 per share. The number of shares authorized was increased to 150,000 shares. June. 1 Issued 3,000 shares of common stock for $84,000 cash. Sep. 1 Repurchased 3,750 shares of common stock at $16 cash per share. Oct. 12 Sold 1,350 treasury shares at $19 cash per share. Dec. 22 Issued 750 shares of preferred stock for $57 cash per share. Required Use the financial statement effects template to indicate the effects of each transaction. Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction. Note: Indicate a decrease in an account category by including a negative sign with the amount. Balance Sheet Income Staten Cash Asset Contrib. . Capital Earned Capital + Noncash Assets Liabilities Revenues EX Transaction Jan. 15 Cash Preferred stock Additional Paid-in Cap Jan. 20 Cash Common stock + Additional Pald-in Cap May 18 June 1 Cash Common stock Sept. 1 Cash . Oct. 12 Cash Treasury stock Dec. 22 Cash Preferred stock Check