Use the following to answer questions 612 The company has two classes of stock authorized: $50.00 par preferred and $0.10 par value common. As of the peginning 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: The beginning balances are shown below. Complete the Statement of Stockholders' Equity using the above information: \begin{tabular}{|l|c|c|c|c|c|c|} \hline & \begin{tabular}{c} Preferred \\ Stock \end{tabular} & \begin{tabular}{c} Common \\ Stock \end{tabular} & \begin{tabular}{c} Additional \\ Paid-in \\ Capital \end{tabular} & \begin{tabular}{c} Retained \\ Earnings \end{tabular} & \begin{tabular}{c} Treasury \\ Stock \end{tabular} & \begin{tabular}{c} Stockholders' \\ Equity \end{tabular} \\ \hline Beginning balance 20XC & $250,000 & $25,000 & $3,475,000 & $1,000,000 & $0 & $4,750,000 \\ \hline Issuance of stock & & & & & & \\ \hline Net income for the year & & & & & & \\ \hline Less: Dividends & & & & & & \\ \hline Purchase of Treasury & & & & & & \\ \hline Sale of Treasury & & & & & & \\ \hline Ending balance 20XC & & & & & & \\ \hline \end{tabular} Then answer the following questions: 6. \$ When the shares were issued on March 1, how much did additional paid in capital increase? 7. \$ On June 1st when the dividend was declared, how much did retained earning decrease? 8. \$ On August 1st when the shares were repurchased, how much did stockholders' equity decrease? 9. \$ On August 1st when the shares were repurchased, how much did net income decrease? 10. $ On October 1st when the shares were reissued, how much did additional paid in capital change (if decrease put "." in front of the number)? 11. \$ Compute ending retained earnings on December 31st. 12. \$ Compute ending stockholders equity on December 31st