Use the following to answer questions 6-12 The company has two classes of stock authorized: $50.00 par preferred and $0.10 par value common. As of the beginning of 20XC, 5,000 shares of preferred stock and 250,000 shares of common stock have been issued. Record the following transactions to complete the Statement of Stockholders' Equity: -Mar Issue 1,000 additional shares of prefered ock for $51.00 per share ac 100,000 additional shares of com Declare a cash dividend on both command -hneetened stock of $1.00 per share to all ockholders of recond on June 15 30-Jun Pay the cash dividend declared on June 1. 1-Aug 1-0 Repurchase 10,000 shares of common treasury ock for $3.00 per share Reissue 7,000 shares of treasury stock purchased on Augen 1 for $35.00 per share 31-Dec Net income for the year was $750,000 Effect on Stockholders' Equity The beginning balances are shown below. Complete the Statement of Stockholders' Equity using the above information: Additonal Prekond Comm Paid-in Retained Try Total Stockholden Stock Stock Capal Eaming Stock Equity Beginning balance boxc $250,000 $25,000 $1,475. $1,000,000 50 $4,750.000 nce of stock Net income for the year Lew Dividends Parchine of Treasury Sale of Treasury Ending balance 20XC Then answer the following questions: 6. $ 7. 8. When the shares were issued on March 1, how much did additional paid in capital increase? S how much did retained earning decrease? S On June 1" when the dividend was declared, On August 1" when the shares were repurchased, how much did stockholders' equity decrease? On August 1 when the shares were 9. $ repurchased, decrease? how 10. S much did net income 11. On October 1" when the shares were reissued, how much did additional paid in capital change (if decrease put "-" in front of the number)? December 31. 12. S December 31" Compute ending retained earnings on Compute ending stockholders equity on