Refer to the following transactions. a. Sold 4,500 shares of $40 par value 9% preferred stock at par b. Declared the annual dividend on the preferred stock c. Purchased 550 shares of preferred stock for the treasury at $55 per share. d. Issued 2,000 shares of $2 par value common stock in exchange for land valued at $116,000. e. Sold 274 shares of the treasury stock purchased in transaction c for $58 per share. f. Split the common stock 2-for-1. Required: Show the effect (if any) of each of the above transactions on each financial statement category by selecting a plus (+) or minus (-) sig and the amount in the appropriate column. Do not show items that affect net income in the retained earnings column. Transaction Cash Other Assets Liabilities Paid-in Capital Retained Earnings Treasury Stock Net Income a b. d f ch o a View transaction list Journal entry worksheet 1 2 3 5 6 Record the sale of 4,500 shares of $40 par value 9% preferred stock at par. Note: Enter debits before credits. Transaction General Journal Debit Credit a