Using the column headings provided below, show the effect, if any, of the transaction on each financial statement category by indicating whether it is an addition (+) or subtraction (-) and showing the amount in the appropriate column. Do not show items that affect net income in the retained earnings column. You should assume that the transactions occurred in the chronological sequence as indicated.

(1.) Issued 1,200 shares of $60 par value preferred stock in exchange for land and an existing building that had appraised values of $35,000 and $50,000, respectively.

(2.) Issued 30,000 shares of $10 par value common stock for $24 per share.

(3.) Purchased 1,000 shares of common stock for the treasury at $25 per share.

(4.) Sold 600 shares of the treasury stock purchased in transaction #3 for $30 per share.

(5.) Declared a cash dividend of $1.50 per share on the common stock outstanding, to be paid early next year.

(6.) Split the common stock 2 for 1.

	Cash	Other Assets	Liabilities	Paid-In Capital	Retained Earnings	Treasury Stock	Net Income
1.	________	________	________	________	________	________	________
2.	________	________	________	________	________	________	________
3.	________	________	________	________	________	________	________
4.	________	________	________	________	________	________	________
5.	________	________	________	________	________	________	________
6.	________	________	________	________	________	________	________