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On December 14, 2023, Western Wear Clothing issues 3,000 shares of its $0.01 par value common stock to provide funds for further expansion. The issue

On December 14, 2023, Western Wear Clothing issues 3,000 shares of its $0.01 par value common stock to provide funds for further expansion. The issue price is $11 per share. Describe how this transaction will affect the Balance Sheet, the Income Statement, and the Statement of Cash Flow produced on December 31, 2023.

Describe the Balance Sheet effect?

Describe the Income Statement effect?

Describe the Statement of Cash Flow effect?

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