tack Transactions for Corporate Expansian Vaga Optics produces edical lasers for use in hospitals. The following ccounts and ther balances peer in the ledger of Vaga Optics on December 31 of the current year: Preferred 2% Stock, $120 par(50,000 shares authorized, 25,000 shares issued) S 3,000,000 Paid-In Caaital in Excess of Par-Prefarred stack Common stock, s75 par (500,000 shares authorized, 300,000 shares issued 22,500,000 Paid-In Capital in Excess of Par-Common stock Retained Eanings At the annuel stockholders r eeting on Jenuary 31, the oard o directors presented a ple or m den izing and expanding plant operations at oost epproximately $9,500,000. The plan provlded a t et the corporation borrow $n,S00 000, b) that 20,000 shares o the un sued Prefe red stock be issued rough an under iter and c that a building val ed $1 200 000, and the and on whi ' rt is located velued at $900 000 be dc ured in accordance with preliminary negotiations by the se ence of 27,400 shares o Corn on stock. The plan was approved by the stockholders and aocomplished by the following transactions: Mar. 8. Bamawed4,50D'ODO from Conrad National Bank, giving a 6% mortgage note. 400,00D 55,000,000 13. Issued 20,c00 shares of Preferred stock, receiving $130 per share in cash. 26. Isaued 27, 400 shares ot Common stock in cxchange for land and a building, accarding to the plan No other expansion-related transactions oocurred during March. Illustra e the erects on the accounts and financ al stetements of the Mar 8 transaction. If no eocount or activity is affected select No effect from the dropdown list and leeve the negative amounts number entry box blank. Enter account decreases and cash outflows as Balance Sheet - Liabilities+ Cash Flows Assets Equity Statement of Cash Flows Income Statement 1 ustrete the effects on the accounts and financ al statements o the Mar negetive arnounts 13 t snsaction f no e count gr ctiv t ffected select "No effect' rom the opdown list and eave the corresponding number entry box b ank Enter account decreases and cash ou ows as Balance Sheet Statement of Assets Liabilities+ Stockholders" Equity Cash Nows Mar. 13 Statement of Cash Flows Illustrate the effects on the accounts and financial statements of the Mar. 26 transaction. If no account ar activity is affeeted, select 'Na effect from the drapdown list and leave the corresponding number entry bax blank. Enter accaunt decreases and cash outflaws as negetive amounts Balance Shcct Statement of Cash Flows Stockholders' Equity Mer. 26. Statement of Cash Flows