Use the following to answer questions 6-12 JR, Inc., has two classes of stock authorized: $100.00 par preferred and $0.01 par value common. As of the beginning of 20XC, 1,000 shares of preferred stock and 700,000 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 1,000 additional shares of preferred stock for $101.00 per share 1-Apr Issue 100,000 additional shares of common stock for $18 per share 1-Jun 30-Jun Declare a cash dividend on both common and preferred stock of $1.50 per share to all stockholders of record on June 15. Pay the cash dividend declared on June 1. Repurchase 50,000 shares of common treasury stock for $19.00 per share Reissue 20,000 shares of treasury stock purchased on August 1 for $20.00 per share 1-Aug 1-Oct 31-Dec Net Income for the year was $1,300,000 The beginning balances are shown below. Complete the Statement of Stockholders' Equity using the above information Preferred Stock Common Stock Additional Paid-in Capital Retained Earnings Treasury Stock Total Stockholders! Equity stud Chapter 10 Page 10-1 $100,000 $7,000 $9,793,000 $1,425,000 $0 $11,325,000 Beginning balance 20XC Issuance of stock Net income for the year Less: Dividends Purchase of Treasury Sale of Treasury Ending balance 20XC Then answer the following questions: When the shares were issued on March 1, how much did additional paid in capital increase? 6. S 7. $ 2,000 O n June 11 when the dividend was declared, how much did retained earning decrease? On August 14 when the shares were repurchased, how much did stockholders' equity decrease? 9.$_ On August 1" when the shares were repurchased, how much did net income decrease? 10. S. decrease put On October 1" when the shares were reissued, how much did additional paid in capital change (if in front of the number)? 11. S. Compute ending retained earnings on December 314 12. $_ Compute ending stockholders equity on December 31