Whyville Corporation obtained its charter from the state in January that authorized 500,000 shares of common stock, $1 par value. During the first year, the company earned $65,000 and declared no dividends; the following selected transactions occurred in the order given: a. Issued 270,000 shares of the common stock at $30 cash per share. b. Reacquired 5,700 shares at $31 cash per share to use as stock incentives for senior management. Required: 1. Indicate the account, amount, and direction of the effect for the above transactions. (Enter any decreases to Assets, Liabilities and Stockholders' Equity with a minus sign.) a. a. b. Assets Liabilities + + + + Stockholders' Equity