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 $310,000 of net Income and the following selected transactlons occurred In the order given: a. Issued 110,000 shares of the common stock at $46 cash per share. b. Reacquired 16.000 shares at $41 cash per share. c. Relssued 5,500 shares from treasury for $42 per share. d. Relssued 5,500 shares from treasury for $40 per share