Need answers for first photo only (a-e). Photo 2 is referenced exercise. Thank you!

1. a. Using Problem 8-4, answer the following questions based on information given in the problem: Transaction 1: What amount would be assigned to Additional Paid-in Capital when recording the transaction? b. Transaction 2: What amount would be assigned to the Preferred Stock account? Transaction 3: What amount would be assigned to Treasury Stock from the transaction? Would that amount be debited or credited? d. Transaction 4: What part of the dividend is received by Preferred stockholders? Common stockholders? (Reminder for the preferred stock, the 6% is an annual dividend) Transaction 5: What amount would be assigned to Additional Paid-in Capital from the reissuance of the Treasury Stock? C. e. P4. Common Stock Issuance, Treasury Stock, Preferred Stock, Dividends, Comprehensive Income, Disclosure. Castleline, Inc. reported the following shareholders' equity section as of the beginning of the current year: Stockholders' Equity $ 905,000 Contributed Capital: Common Stock, $1 par value, 3,850,000 shares authorized, 905,000 shares issued, and 821,500 shares outstanding Additional Paid-in Capital in Excess of Par - Common Total Contributed Capital Retained Earnings Accumulated Other Comprehensive Income Less: Treasury Stock (83,500 common shares at cost) Total Stockholders' Equity 22,625,000 $ 23,530,000 $ 8,957,450 1,057,600 (1,670,000) $ 31,875,050 During the current year, Castleline engaged in the following transactions affecting the stockholders' equity section of its current balance sheet. 1. Issued 400,000 shares of its $1 par value common stock at $31 per share. The underwriter charged a 3% fee for issuing the shares. The stock issue costs are not capitalized. 2. Issued 500,000 shares of $10 par value 6% preferred stock (2,550,000 authorized) at $40 per share. These shares were privately placed and Castleline did not pay stock issue costs. 3. Purchased 220,000 shares of common stock at $32 per share. 4. Declared a $450,000 dividend for the first half of the year. (The declarations should be recorded sepa- rately for the common and the preferred shares.) 5. Sold 105,000 of the treasury shares at $44 per share. (The 83,500 treasury shares on hand at the beginning of the year are considered sold first. The company paid $20 per share for these shares of treasury stock). 6. Paid the cash dividends