P10-88B. (Learning Objectives 2, 3, 4, 6: Measure the effects of stock-related transactions on a company) Assume Dotty Cakes, Inc., completed the following transactions during 2018, the company's 10th year of operations: L0 2, 3, 4, 6 Feb 3 Mar 19 Apr 24 Issued 14,000 shares of common stock ($3.00 par) for cash of $406,000 Purchased 2,500 shares of the company's own common stock at $19 per share. Sold 1,900 shares of treasury stock for $25 per share. Declared a cash dividend on the 19,000 shares of S0.10 no-par Aug 15 preferred stock Paid the cash dividends. Declared and distributed an 8% stock dividend on the 91,000 shares of Sep 1 Nov 22 $3.00 par common stock outstanding. The market value of the common stock was $26 per share. Requirements 1. Analyze each transaction in terms of its effect on the accounting equation of Dotty Cakes 2. What impact did each transaction have on cash flows