Your answer is partially correct. On January 1, 2026, Browning Corporation had 75,000 shares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred: Mar. 1 Issued 90,000 shares of common stock for $675,000. June 1 Declared a cash dividend of $2.00 per share to stockholders of record on June 15. June 30 Paid the $2.00 cash dividend. Purchased 5,000 shares of common stock for the treasury for $18 per share. Dec. 1 Dec. 15 Declared a cash dividend on outstanding shares of $2.50 per share to stockholders of record on December 31. Indicate the accounts increased or decreased to record the above transactions. Date Account Titles Mar. 1 Cash Common Stock Increase/Decrease Amount Increase Increase 675000 90000 Paid-in Capital in Excess of Par Value-Common Stock Increase $ 585000 June 1 Cash Dividends Dividends Payable June 30 Cash Dividends Cash Increase Increase Decrease 150000 150000 150000 Decrease $ 150000 Dec. 1 Treasury Stock Increase $ 90000 Cash Dec. 15 Cash Dividends Decrease Increase 90000 187500 Dividends Payable Increase 187500