Required information CP11-1 (Algo) Analyzing Accounting Equation Effects, Recording Journal Entries, and Preparing a Partial Balance Sheet Involving Stock Issuance, Purchase, and Reissuance Transactions [LO 11-2] [The following information applies to the questions displayed below.] Worldwide Company obtained a charter from the state in January that authorized 200,000 shares of common stock, $10 par value. During the first year, the company earned $37,800 and declared no dividends; the following selected transactions occurred in the order given: a. Issued 56,000 shares of the common stock at $13 cash per share. b. Reacquired 1,600 shares at $16 cash per share from stockholders; the shares are now held in treasury. c. Reissued 800 of the shares in transaction (b) two months later at $19 cash per share. 3. Prepare the stockholders' equity section of the balance sheet at December 31. TIP: Because this is the first ye Retained Earnings has a zero balance at the beginning of the year. (Amounts to be deducted should be indicat E11-14 (Algo) Comparing 100 Percent Stock Dividend and 2-for-1 Split [LO 11-3] Required: Complete the following table based on two independent cases involving stock transactions: (Round "per share" answers to 2 decimal places.) Case 1: The board of directors declared and issued a 100 percent stock dividend when the stock price was $7 per share. Case 2: The board of directors voted a 2-for-1 stock split. The stock price prior to the split was $7 per share