search Required information Problem 8-27 (Algo) Treasury stock transactions LO 8-3, 8-6 [The following information applies to the questions displayed below.] On March 3, 2022, Docker Incorporated purchased 700 shares of its own common stock in the market at a price of $17.50 per share. On August 29, 2022, 400 of these shares were sold in the open market at a price of $20.80 per share. There were 34,000 shares of Docker common stock outstanding prior to the March 3 purchase of treasury stock. A $0.35 per share cash dividend on the common stock was declared and paid on July 2, 2022. Problem 8-27 (Algo) Part 1 - Horizontal Model Required: a. Use the horizontal model on Docker's financial statements for the purchase of the treasury stock on March 3, 2022. Indicate the financial statement effect. b. Use the horizontal model on Docker's financial statements for the declaration and payment of the cash dividend on July 2, 2022. Indicate the financial statement effect. c. Use the horizontal model on Docker's financial statements for the declaration and payment of the sale of the treasury stock on August 29, 2022. Indicate the financial statement effect. Complete this question by entering your answers in the tabs below. Required A Required B Required C Use the horizontal model on Docker's financial statements for the declaration and payment of the cash dividend on July 2, 2022. Indicate the financial statement effect. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. Assets Balance Sheet Liabilities Stockholders' Equity - Net Income = < Required A Required C > < Prev 4 of 15 Next > Income Statement Revenues Expenses 11:00 PM 49F Clear