Refer to the following transactions.

a.Sold 4,800 shares of $44 par value 7% preferred stock at par.

b.Declared the annual dividend on the preferred stock.

c.Purchased 500 shares of preferred stock for the treasury at $56 per share.

d.Issued 3,000 shares of $2 par value common stock in exchange for land valued at $104,000.

e.Sold 284 shares of the treasury stock purchased in transaction c for $59 per share.

f. Split the common stock 2 for 1.

1. Show the effect (if any) of each of the above transactions on each financial statement category by selecting a plus (+) or minus () sign and the amount in the appropriate column. Do not show items that affect net income in the retained earnings column.

2. Prepare the journal entries to record each of the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)