On January 1, 2019, Bartov Company issues 5,000 shares of $100 par value preferred stock at $250 cash per share. On March 1, the company repurchases 5,000 shares of previously issued $1 par value common stock at $83 cash per share, a. Using the financial statement effects template, illustrate the effects of these two transactions. Use negative signs with answers when appropriate. When applicable, enter total amount for contributed capital. Balance Sheet Income Statement Noncash Contrib. Earned Contra Transaction Cash Asset + Asset - Liabilities + Capital Capital Equity Revenues Expenses - Net Income 1/1/19: Issued preferred stock. 0 + 0 = O + 0 + 0 + 0 0. 0 = 0 3/1/19: Repurchase common stock. 0+ 0 = 0 + 0 + 0 + 0 0 = 0 + 0 b. Prepare the journal entries for the two transactions, General Journal Date Description Debit Credit 1/1/19 0 0 Preferred stock 0 0 0 0 0 3/1/19 0 0 0 0 0 c. Post the journal entries from b to the related T-accounts. Cash Preferred Stock 0 0 0 0 Treasury Stock Additional Paid in Capital 0 0