quired information -11-1 Analyzing Accounting Equation Effects, Recording Journal Entries, and Preparing a Partial Balance eet Involving Stock Issuance and Purchase Transactions (LO 11-2) he following information applies to the questions displayed below.) obal Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, $5 par ue. During the first year, the company earned $400,000 of net income, declared no dividends, and the following ected transactions occurred in the order given: ssued 100.000 shares of the common stock at $55 cash per share. Reacquired 25,000 shares at $50 cash per share. Reissued 10,000 shares from treasury for $51 per share. Reissued 10.000 shares from treasury for $49 per share. Part 3 e the stockholders' equity section of the balance sheet at December 31. (Amounts to be deducted should be indicate an.) GLOBAL MARINE Balance Sheet (Partial) At December 31 Stockholders' Equity ed Capital on Stock $ 5.500.000