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 $340,000 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 $49 cash per share. b. Reacquired 19,000 shares at $44 cash per share. c. Relssued 7,000 shares from treasury for $45 per share. d. Reissued 7,000 shares from treasury for $43 per share. Required: 1. Indicate the account, amount, and direction of the effect on above Iransaction. (Enter any decreases to Assets, Liabilities and Stockholders' Equity with a minus sign.) equired: Indicate the account, arnount, and direction of the effect on above transtction. (Enter any decreoses to Assets, Linbilities and tockholders' Equity with o minus sign, Journal entry worksheet Record the issuance of 110,000 shares of common stock with a $5 par value for a price of $49 per share. Note: Enter debits before credits. Journal entry worksheet 1 Record the purchase of 19,000 shares of previously issued common stock for a price of $44 per share. Note: Enter debits before credits. Journal entry worksheet Record the re-issuance of 7,000 shares of treasury stock previously purchased for a price of $44 per share and sold for $45 per share. Note: Enter debits before credits. Journal entry worksheet 1 Record the re-issuance of 7,000 shares of treasury stock previously purchased for $44 per share and sold for $43 per share. Note: Enter debits before credits