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 eamed $$490,000$ of net income and declared no dividends; the following

selected transactions occurred in the order given:

a$.$ Issued $100,000$ shares of the common stock at $$64$ cash per share.

b$.$ Reacquired $34,000$ shares at $$59$ cash per share.

c$.$ Reissued $14\mathrm{.}500$ shares from treasury for $$60$ per share.

d$.$ Reissued $14,500$ shares from treasury for $$58$ per share.

Required:

Indicate the account, amount, and direction of the effect on above transaction. $($Enter any decreases to Assets, Llabillties and

Stockholders' Equity with a minus sign.$)$