PART A: Using the Balance Sheet Equation below, account for the folloiwng transactions: ASSETS Cash Example Balances $500,000 Liabilities + a sok apie como Pe sok apie pret skoon Teasury Stock -EQUITY--- APIC-Comm Stk Preferred Stock $125,000 $200,000 Common Stock $100,000 Treasury Stock APIC-treas stk APIC-Pref Stk $75,000 Retained Earnings -- revenues (exps) (dividends) Assume Strand decides to Buy Back 1,500 shares of its Common Stock for $8/share Strand later re-issues 1,000 shares of the stock it bought back at $9/share TOTALS $500,000 $100,000 $125,000 $200,000 $75,000 $0 $0 $0 $0 $0 Assets = $500,000 Liabs = $0 + Equity = $500,000 PART B: Prepare Strand's Stockholders' Equity section: STOCKHOLDERS' EQUITY