The stockholders' equity of Glatz Corporation as of December 31, 2020, follows: $150,000 Preferred stock 6%, noncumulative $50 par 8,000 shares authorized 3.000 shares issued and outstanding. Common stock, $5 par. 200,000 shares authorized 80,000 shares issued and outstanding Paid-in capital in excess of par preferred Paid-in capital in excess of par-common. Total paid in capital Retained earnings. Total stockholders' equity 400,000 7,500 600.000 $1 157,500 405,800 $1.563.300 Glatz Corporation completed the following transactions during 2021. Mar 5 Mar 26 May 2 Declared the required annual cash dividend on preferred stock and a $0.40 per share cash dividend on the common stock Paid the cash dividend that was declared on March 5. Purchased 3,000 shares of its own common stock for $17.50 per share to be held as treasury stock Declared a 10% common stock dividend. The market value of the common stock was $20 per share. The board of directors announced a 2-for-1 stock split. Sept 16 Sept 30 Required: Show the dollar amount and the effect of each transaction on both total paid-in capital and total stockholders' equity. Show the effect as increase, decrease, or no effect Shaw. also the dollar amount. (Each cell is worth one-mark) Total Paid-In-Capital Total Stockholders' Equity Date Mar 5 Mar 26 May 2 Sept 16 Sept 30 Dec. 1 Declared the required cash dividend on the preferred stock and a $0.25 dividend on the common stock Retained Earnings Dividend Payable - PS (6%x100x6500) Dividend Payable - CS ($0.25x120,000) 69,000 39,000 30,000 Common Stock Stock Paid-in Capital in Excess of Par- Common Retained Earnings (569.000) No effect No effect Total Paid-In-Capital No effect Total Stockholders' Equity Decrease by $69,000 11 Paid the dividends declared on December 1 Dividend Payable - PS (6%x100x6500) Dividend Payable - CS ($0.25x120,000) Cash 39,000 30,000 69,000 Common Stock Paid-in Capital in Excess of Par- Common No effect Retained Earnings No effect No effect Total Paid-In-Capital No effect Total Stockholders' Equity No effect 15 Sold 5,000 shares of common stock for $17 per share. Cash (5,000 x $17) Common stock, $10 par PIC-CS 85,000 50,000 35,000 Common Stock Paid-in Capital in Excess of Par- Common Increase $35,000 Increase $50,000 Retained Earnings No effect Total Paid In-Capital Increase $85,000 Total Stockholders' Equity Increase $85.000 22 Sold 1,000 shares of 6% preferred stock for $120 per share. Cash (1,000 x $120) 6% Preferred stock, $100 par PIC-PS 120,000 100,000 20.000 Common Stock Paid-in Capital in Excess of Par- Common No effect Retained Earnings No effect No effect Total Paid-In-Capital Increase $120,000 Total Stockholders' Equity Increase $120,000