Identifying and Analyzing Financial Statement Effects of Stock Transactions The stockholders equity section of XPress Media Company for the current year follows preferred stock, 125 par value 50.000 shares authored 12.600 shares issued and outstanding 3315.000 Common stock 510 par valu. 200.000 shares auto 75,000 shares issued and outstanding 750,000 Paid in capital in excess of par value-preferred stock 122.500 Paldin capital in excess of par value-common stock 450,000 Retained earnings 555.000 During the year, the following transactions occurred Jan. 10 issued 42,000 shares of common stock for $18 cash per share Jan 23 Repurchased 12.000 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 3.900 shares of preferred stock for $192,000 cash Nov 15 Sold 1.500 of the treasury shares acquired January 23 for 526 cash per share. Required 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 joven transaction Note Indicate a decrease in an account category by including a negative sign with the amount Balance sheet Liabilities income statement Expenses ansaction Noncash Ants Net Heves Cash Asset Contrib. Capital Earned Camal 1.10 . Commons + ra $ = Treasury Stock ys PS . Trade Prepare the stockholders equity section of the balance sheet astuming the company reports netcome of 1.500 for the current year Note: Do not active with any of your answers XPRESS MEDIA COMPANY Stockholders FS b. Prepare the stockholders' equity section of the balance sheet assuming the company reports net income of $181,500 for the current year. Note: Do not use a negative sign with any of your answers. XPRESS MEDIA COMPANY Stockholders' Equity Paid in capital 8% preferred stock, $25 par value, 50,000 shares authorized: shares issued and outstanding 5 Common stock, 510 par value, 200,000 shares authorized Additional paid.in capital shares issued. (4,500 shares in treasury $ Pald-in capital in excess of par value--preferred stock Paid-in capital in excess of par value-common stock Pald-in capital from treasury stock Total paid-in capital Retained earnings common shares) at cost Less Treasury stock 4,500 Total stockholders' equity $ Previous Save Answers