Identifying and Analyzing Financial Statement Effects of Stock Transactions The stockholders' equity section of XPress Media Company for the current year follows. 8% preferred stock, $25 par value, 50,000 shares authorized; 7,560 shares issued and outstanding $189,000 Common stock, $10 par value, 200,000 shares authorized; 45,000 shares issued and outstanding 450,000 Paid-in capital in excess of par value-preferred stock 76,500 Paid-in capital in excess of par value-common stock 270,000 Retained earnings 333,000 During the year, the following transactions occurred. Jan. 10 Issued 25,200 shares of common stock for $18 cash per share. Jan. 23 Repurchased 7,200 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 2,340 shares of preferred stock for $115,200 cash. Nov. 15 Sold 900 of the treasury shares acquired January 23 for $26 cash per share. Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction. Note: Indicate a decrease in an account category by including a negative sign with the amount ($ in millions) Transaction Balance Sheet Liabilities Noncash Assets Cash Asset Contrib. Capital Reve Earned Capital Jan. 10 Common Stock Jan. 23 Mar. 14 . Treasury Stock July 15 Preferred Stock Nov. 15 Treasury Stock Revenues Income Statement Expenses II Net Income - = . - - - = - 11 II 1 > Identifying and Analyzing Financial Statement Effects of Stock Transactions The stockholders' equity section of XPress Media Company for the current year follows. $189,000 8% preferred stock, $25 par value, 50,000 shares authorized; 7,560 shares issued and outstanding Common stock, $10 par value, 200,000 shares authorized; 45,000 shares issued and outstanding Paid-in capital in excess of par value-preferred stock Paid-in capital in excess of par value-common stock Retained earnings 450,000 76,500 270,000 333,000 During the year, the following transactions occurred. Jan. 10 Issued 25,200 shares of common stock for $18 cash per share. Jan. 23 Repurchased 7,200 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 2,340 shares of preferred stock for $115,200 cash. Nov. 15 Sold 900 of the treasury shares acquired January 23 for $26 cash per share