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R. LILIA SEC Advisors, Inc. completed the following transactions in 2020: 1. Issued common stock for cash at par value. 2. Issued preferred stock for
R. LILIA SEC Advisors, Inc. completed the following transactions in 2020: 1. Issued common stock for cash at par value. 2. Issued preferred stock for cash at an amount greater than par value. 3. Repurchased 25% of the corporation's common stock 4. Declared a cash dividend on the corporation's common stock 5. Paid the cash dividend. 6. Declared a 100% stock dividend on SEC's common shares 7. Issued the shares related to the stock dividend. 8. Earned net income. Instructions Indicate how each of the items impact the components of stockholders' equity in the schedule below. Use all for increase, ID) for decrease, ond (NE) for no effect. Item Preferred steck Additional Paid in Common Stock Common Stock Distributable Retained Earnings Treasury Stock
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