Required information

$[$The following information applies to the questions displayed below.$]$

Global Marine obtained a charter from the state in January that authorized $1,000,000$ shares of common stock, $$5$ par value. During the first year, the company earned $$370,000$ of net income and declared no dividends; the following selected transactions occurred in the order given:

a$.$ Issued $110,000$ shares of the common stock at $$52$ cash per share.

b$.$ Reacquired $22,000$ shares at $$47$ cash per share.

c$.$ Reissued $8,500$ shares from treasury for $$48$ per share.

d$.$ Reissued $8,500$ shares from treasury for $$46$ per share.

Required:

Indicate the account, amount, and direction of the effect on above transaction. $($Enter any decreases to Assets, Liabilities and Stockholders' Equity with a minus sign.$)$

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