The following selected transactions, given in chronological order, occurred during the year: 1. Issued 10,000 common shares for $15 per share. 2. Repurchased and retired 45,000 common shares for $13 per share. Round the per-share cost to two decimal places. 3 . Issued 20,000 preferred shares for $25 per share. 4. Issued 10,000 common shares in exchange for land. The fair value of the shares was $16 per share. A recent appraisal indicated that the fair value of the land was $175,000. 5. Declared and paid the preferred shareholders their annual dividend. Instructions For each of the above transactions, indicate its impact on the items in the table below. Indicate if the item will increase ( + ) or decrease, (), and by how much, or if there will be no effect (NE). The first transaction has been done for you as an example. Record and post equity transactions; prepare shareholders' equity