Refer to the following transactions.

1. Sold 4,500 shares of $48 par value 7% preferred stock at par.

2. Declared the annual dividend on the preferred stock.

3. Purchased 600 shares of preferred stock for the treasury at $56 per share.

4. Issued 1,500 shares of $2 par value common stock in exchange for land valued at $100,000.

5. Sold 214 shares of the treasury stock purchased in transaction c for $57 per share.

6. 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 () sign and the amount in the appropriate column. Do not show items that affect net income in the retained earnings column.