Use the following to answer questions 6-12 J&T, Inc., has two classes of stock authorized: $100.00 par preferred and $0.01 par value common. As of the beginning of 20XD, 10,000 shares of preferred stock and 750,000 shares of common stock have been issued. Record the following transactions to complete the Statement of Stockholders' Equity: Affect on Stockholders' Equity 1-Mar Issue 1,000 additional shares of preferred stock for $103.50 per share Issue 100,000 additional shares of common 1-Apr stock for $20.00 per share Declare a cash dividend on both common 1-Jun and preferred stock of $0.50 per share to all stockholders of record on June 15. 30-Jun Pay the cash dividend declared on June 1. Repurchase 15,000 shares of common 1-Aug treasury stock for $21 per share 1-Oct Sold 10,000 shares of treasury stock purchased on August 1 for $25.00 per share 31-Dec Net income for the year was $458,200 The beginning balances are shown below. Preferred Stock $1,000,000 Common Stock $7,500 Additional Paid-in Capital $7,192,500 Retained Earnings $624,500 Treasury Stock $0 Total Stockholders' Equity $8,824,500 Beginning balance 20XD Issuance of stock Net income for the year Dividends Purchase of Treasury Sale of Treasury Ending balance 20XD 6. $ When the shares were issued on March 1, how much did additional paid in capital increase? 7. $ On August 1* when the shares were repurchased, how much did stockholders' equity decrease? 8. $ On August 15 when the shares were repurchased, how much did net income decrease? 9. $ On October 15 when the 10,000 shares were sold, how much did additional paid in capital change (if decrease put "-" in front of the number)? 10. $ _On June 1st when the dividend was declared, how much did retained earning decrease? 11. $ _Compute ending retained earnings on December 31* 12. $ _Compute ending stockholders equity on December 31