Refer to the following transactions.

1. Sold 5,300 previously unissued shares of $2 par value common stock for $18 per share.

2. Issued 1,200 shares of previously unissued 6% cumulative preferred stock, $50 par value, in exchange for land and a building appraised at $60,000.

3. Declared and paid the annual cash dividend on the preferred stock issued in transaction b.

4. Purchased 300 shares of common stock for the treasury at a total cost of $4,200.

5. Declared a cash dividend of $0.14 per share on the common stock outstanding.

6. Sold 120 shares of the treasury stock purchased in transaction d at a price of $31 per share.

7. Declared and issued a 3% stock dividend on the common stock issued when the market value per share of common stock was $25.

8. Split the common stock 3 for 1.

Show the effect (if any) of each of the above transactions on each financial statement category by selecting a plus (+) or minus () and the amount in the appropriate column. Do not show items that affect net income in the retained earnings column. You should assume that the transactions occurred in this chronological sequence and that 38,000 shares of previously issued common stock remain outstanding. (Hint: Remember to consider appropriate effects of previous transactions.)

Transaction	Cash	Other Assets	Liabilities	Paid-in Capital	Retained Earnings	Treasury Stock	Net Income
a.
b.
c.
d.
e.
f.
g.
h.