O Required information PA11-1 (Algo) Analyzing Accounting Equation Effects, Recording Journal Entries, and preparing a Partial Balance Sheet involving Stock Issuance and Purchase Transactions (LO 11-2) [The following information applies to the questions displayed below) Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, $5 par value During the first year, the company earned $300,000 of net income and declared no dividends, the following selected transactions occurred in the order given: a issued 120.000 shares of the common stock at $45 cash per share. b Reacquired 15,000 shares at $40 cash per share c Reissued 5,000 shares from treasury for $41 per share d Reissued 5,000 shares from treasury for $39 per share M PA11-1 (Algo) Part 1 Required: 1. Indicate the account, amount, and direction of the effect on above transaction (Enter any decreases to Assets, Liabilities and Stockholders' Equity with a minus sign.) Assets Liabilities Stockholde a a b C C d d