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 12,600 shares issued and outstanding $315.000 Common stock. 510 par value, 200.000 shares authorized: 75.000 shares issued and outstanding 750.000 Pald.in capital in excess of par value-preferred stock 127.500 Pald-in 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 $26 cash per share. Required a. Use the financial statement effects template to indicate the effects from each of these transactions. Required Use the financial states temple to indicate the effects from each of these transactions Note:For each account Category, indicate the appropriate account name. Enter for any account category that is not forgve transaction Note Indicate decrease in an account Category by inaudinga negative sign with the amount Balance Sheet Imm Transaction Nanashes Conra Capital Lamad Cara jan Common . . . They 16 6. Prepare the stockholders' equity section of the balance sheet assuming the company reports net income of 5181,500 for the current year. Note: Do not use a negative sign with any of your answers. XPRESS MEDIA COMPANY Stockholders' Equity Pald.in capital 89 preferred stock $25 par value 50.000 shares authorized: shares issued and outstanding $ Common stock 510 par value 200.000 shares authorized shares issued. (4.500 shares in treasury) Additional pald-in capital Pald.in capital in excess of par value-preferred stock Pald.in capital in excess of par value-common stock Paid in capital from treatury stock Total paid.in capital Retained earning common shares) at cost Less Treasury stock 4500 Total stockholders' equity