[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 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. Reissued 7,000 shares from treasury for $45 per share. d Reissued 7,000 shares from treasury for $43 per share. Required information 0.50 points Required: 1. Indicate the account, amount, and direction of the effect on above transaction. (Enter any decreases to account balances with a minus sign.) e