The following information applies to the questions displayed below Refer to the following transactions. a. Sold 2,770 shares of $11 par value preferred stock at $14.00 per share. b. Declared the annual cash dividend of $3.2 per share on common stock. There were 9,200 shares of $1 par value common stock issued and outstanding throughout the year c. Issued 2,800 shares of $8.5 par value preferred stock in exchange for a building when the market price of preferred stock was $16.5 per share. d. Purchased 220 shares of preferred stock for the treasury at a price of $13.00 per share. e. Sold 60 shares of the preferred stock held in treasury (see d) for $16.5 per share. Declared and issued a 20% stock dividend on the $1 par value common stock when the market price per share was $48. Required: Show the effect (if any) of each of the above transactions on each financial statement category by selecting a plus (+or minus (-)sign and the amount in the appropriate column. Do not show items that affect net income in the retained earnings column. | Liabil Cash Other Assets litios Paid-in Capital Retained Earnings Treasury Stock Net Income b. d. e. Prepare the journal entries to record each of the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 4 6 Record the sale of 2,770 shares of $11 par value preferred stock at $14 per share. Note: Enter debits before credits. General Journal Debit Credit a. Record entry Clear entry View general journal