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[The following information applies to the questions displayed below.] Refer to the following transactions. Sold 4,100 shares of $50 par value preferred stock at $52.50

[The following information applies to the questions displayed below.]

Refer to the following transactions.

  1. Sold 4,100 shares of $50 par value preferred stock at $52.50 per share.
  2. Declared the annual cash dividend of $2.20 per share on common stock. There were 5,600 shares of $1 par value common stock issued and outstanding throughout the year.
  3. Issued 8,000 shares of $50 par value preferred stock in exchange for a building when the market price of preferred stock was $54 per share.
  4. Purchased 1,700 shares of preferred stock for the treasury at a price of $57 per share.
  5. Sold 1,100 shares of the preferred stock held in treasury (seed) for $58 per share.
  6. Declared and issued a 12% stock dividend on the $1 par value common stock (seeb) when the market price per share was $44.

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.

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