Identifying and Analyzing Financial Statement Effects of Stock Transactions The stockholders' equity section of XPress Media Company for the current year follows. During the year, the following transactions occurred. Jan. 10 Issued 33,600 shares of common stock for $18 cash per share. Jan. 23 Repurchased 9,600 shares of common stock at $20 cash per share. Mar. 14 Sold one-half of the treasury shares acquired January 23 for $22 cash per share. July. 15 Issued 3,120 shares of preferred stock for $153,600 cash. Nov. 15 Sold 1,200 of the treasury shares acquired January 23 for $26 cash per share. Required a. Use the financial statement effects template to indicate the effects from each of these transactions. 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. b. Prepare the stockholders' equity section of the balance sheet assuming the company reports net income of $145,200 for the current year. Note: Do not use a negative sign with any of your answers