Identifying and Analyzing Financial Statement Effects of Stock Transactions The stockholdersequity of Goulin Company at the start of the current year follows: Common stock, Sale, 50.000 shares authorized 120.000 shares sued and outstanding $600,000 Pad-in capitalin excess of par value 600.000 Pendant 346.000 During the current year, the following transactions occurred Jan 5 Issued 10,000 shares of common stock for $12 cash per share Jan. 18 Purchased 4,000 shares of common stock for the treasury at $14 cash per share Mar. 12 Sold one fourth of the treasury shares acquired January 18 for $17 cash per share July 17 Sold 500 shares of the remaining treasury stock for $13 cash per share Oct. 1 Issued 5,000 shares of 89 522 par value preferred stock for $32 cash per share. This is the first suance of preferred shares from the 50.000 authorised shares (a) Use the financial statement effects template to indicate the effects of each transaction Use negative signs with answers, when appropriate Balance Sheet Income Statement Earned Net Transaction Noncash Assets Llabile Capital Expenses jan 130000 Jan SLOBO 0 G Contributed Capital Cash Asset 170000 Revenue Income O O M 17000 6500 ov ov 0 5600D 77000 0500 o o o o o SUCES CSS O 0 D Type here to search (b) Prepare the current year stockholders equity section of the balance sheet assuming that the company reports net income of $72.500 for the year Use a negative sigo with your answer for treasury stock, Stockholders' Equity Pald.in capital B Preferred stock, $22 par value, 150.000 shares authorized, 5.000 sharesisted and outstanding Common ok 35 par val, 290,000 shares authorized 130,000 shares inued Additional paid in capi Paid in capitalices of par value preferred stock Paldin aptaliness of wave.common stock din capitale trenuty Mock Total pada Retained camins 0. OX OX ON OM 9 Treasury stock 2500 shares se aceive without Total Stockholders to Check