Required information PB11-1 (Algo) Analyzing Accounting Equation Effects, Recording Journal Entries, and Preparing a Partial Balance Sheet Involving Stock Issuance and Purchase Transactions [LO 11-2] [The following information applies to the questions displayed below) Whyville Corporation obtained its charter from the state in January that authorized 500,000 shares of common stock. $1 par value. During the first year, the company earned $54,000 and declared no dividends; the following selected transactions occurred in the order given: a. Issued 160,000 shares of the common stock at $19 cash per share. b. Reacquired 4,600 shares at $20 cash per share to use as stock incentives for senior management,