Use the following to answer questions 6 - 12 J&TR, Inc., has two classes of stock authorized: $100.00 par preferred and $0.10 par value common. As of the beginning of 20XC, 10,000 shares of preferred stock and 800,000 shares of common stock have been issued. Record the following transactions to complete the statement of Stockholders' Equity Effect on Stockholders' Equity 1. Mar Issue 5,000 additional shares of preferred stock for $102.50 per share Issue 100,000 additional shares of common stock 1-Apr for $25.00 per share Declare a cash dividend on both common and 1-Jun preferred stock of $0.75 per share to all stockholders of record on June 15. 30-Jun Pay the cash dividend declared on June 1. 1-Aug Repurchase (buy) 50,000 shares of common treasury stock for $26.00 per share Resell 40,000 shares of treasury stock purchased 1-Oct on August 1 for $26.50 per share 31-Dec Net income for the year was $750,000 The beginning balances are shown below. Complete the Statement of Stockholders' Equity using the above information: Additional Total Preferred Common Paid-in Retained Treasury Stockholders' Stock Stock Capital Earnings Stock Equity $1,000,000 Beginning balance 20XC $80,000 $7,600,000 $1,200,000 $0 $9,880,000 Issuance of stock Net income for the year Less: Dividends Purchase Treasury stock Resell Treasury stock Ending balance 20XC