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 780 shares of $10 par value, 12.5% preferred stock for $13 per share. October 1 Declares a cash dividend of $1.25 per share to all stockholders of record (both common and preferred) on october 15 . October 15 Date of record. October 31 Pays the cash dividend declared on October 1. Required: Determine the financial statement effects of each of these transactions. Complete this question by entering your answers in the tabs below. Issues 6,000 shares of no-par common stock for $16 per share. Determine the financlal statement effects of February 1. Note: Amounts to be deducted should be indicated with a minus sign. If there are no effects for a particular transactlon/event, select "There are no financ 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, 12.5% preferred stock for $13 per share. October 1 Declares a cash dividend of $1.25 per share to all stockholders of record (both common and preferred) on october 15 . October 15 Date of record. October 31 Pays the cash dividend declared on October 1. Required: Determine the financial statement effects of each of these transactions. Answer is not complete. Complete this question by entering your answers in the tabs below. Issues 700 shares of $10 par value, 12.5% preferred stock for $13 per share. Determine the financial statement effects of May 15 . Note: Amounts to be deducted should be indicated with a minus sign. If there are no effects for a particular transactlon/event, select "There are no financial Italian Stallion has the following transactions during the year related to stockholders' equity. February 1 Issues 6, 800 shares of no-par common stock for $16 per share. May 15 Issues 700 shares of $10 par value, 12.5% preferred stock for $13 per share. October 1 Declares a cash dividend of $1.25 per share to all stockholders of record (both common and preferred) on october 15 . October 15 Date of record. October 31 pays the cash dividend declared on October 1. Required: Determine the financial statement effects of each of these transactions. Answer is not complete. Complete this question by entering your answers in the tabs below. Declares a cash dividend of $1.25 per share to all stockholders of record (both common and preferred) on October 15 . Determine the financial stateme Note: Amounts to be deducted should be indicated with a minus sign. If there are no effects for a particular transaction/event, select "There are no fina 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, 12.5% preferred stock for $13 per share. October 1 Declares a cash dividend of $1.25 per share to all stockholders of record (both common and preferred) on october 15 . October 15 Date of record. October 31 Pays the cash dividend declared on October 1. Required: Determine the financial statement effects of each of these transactions. Answer is not complete. Complete this question by entering your answers in the tabs below. Pays the cash dividend declared on October 1 . Determine the financial statement effects of October 31. Note: Amounts to be deducted should be Indicated with a minus sign. If there are no effects for a particular transaction/event, select "There are no financial