p1l-58. Identifying and Analyzing Financial Statement Effects of Stock Transactions Following is the stockholders' equity of Dennis Corporation at December 31,2014. LO2, 4 8% preferred stock, $50 par value, 10,000 shares authorized; 7,000 shares issued and outstanding 350,000 Common stock, $20 par value, 50,000 shares authorized; 25,000 shares issued and outstanding 500,000 70,000 385,000 238,000 $1,543,000 Paid-in capital in excess of par value-preferred stock. Paid-in capital in excess of par value--common stock. Retained earnings Total stockholders equity . The following transactions, among others, occurred during 2015. Jan. 15 Issued 1,000 shares of preferred stock for $62 cash per share. Jan. 20 Issued 4,000 shares of common stock at $36 cash per share. May 18 Announced a 2-for-1 common stock split, reducing the par value of the common stock to $10 per share. The authorization was increased to 100,000 shares. June 1 Issued 2,000 shares of common stock for $60.000 cash. Sept. 1 Purchased 2,500 shares of common stock for the treasury at $18 cash per share. Oct. 12 Sold 900 treasury shares at $21 cash per share. Dec. 22 Issued 500 shares of preferred stock for $59 cash per share. REQUIRED the fnancial statement effects template, illustrate the effects of each transaction. h. Prepare the journal entries for these transactions. c. Post the journal entries from b to the related T-accounts. ting Stockholders' Equity and EPS LO1,2, 5,7 tfor The Procter & Gamble