Italian Stallion has the following transactions during the year related to stockholders' equity.

February $1$ Issues $6,000$ shares of no$-$par common stock for $$16$ per share.

May $15$ Issues $700$ shares of $$10$ par value, $12\mathrm{.}5\%$ preferred stock for $$13$ per share.

October $1$ Declares a cash dividend of $$1\mathrm{.}25$ per share to all stockholders of record $($both common and preferred$)$ on

$0$ctober $15.$

$0$ctober $15$ Date of record.

$0$ctober $31$ Pays the cash dividend declared on $0$ctober $1.$

Required:

Determine the financial statement effects of each of these transactions.

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February $1$

May $15$

October $1$

October $15$

October $31$

Issues $6,000$ shares of no$-$par common stock for $$16$ per share. Determine the financial statement effects of February $1.$