The stockholders' equity of Sougiannis Company at December 31, 2018, follows.

The following transactions, among others, occurred during 2019.

Jan. 12  Announced a 3-for-1 common stock split, reducing the par value of the common stock to $5 per share. The authorized shares were increased to 300,000 shares.

Sept. 1  Acquired 10,000 shares of common stock for the treasury at $10 cash per share.

Oct. 12  Sold 1,500 treasury shares acquired September 1 at $ 12 cash per share.

Nov. 21  Issued 5,000 shares of common stock at $11 cash per share.

Dec. 28  Sold 1,200 treasury shares acquired September 1 at $9 cash per share.

REQUIRED

a. Using the financial statement effects template, illustrate the effects of each transaction.

b. Prepare the journal entries for these transactions.

c. Post the journal entries from b to the related T-accounts.

d. Indicate the impact of each transaction on the calculation of basic EPS.

e. Pre pare the December 31, 2019, stockholders' equity section of the balance sheet assuming that the company reports 2019 net income of $83,000.

f. Compute return on common equity for 2019.

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$ 500,000 7% Preferred stock, $100 par value, 20,000 shares authorized; 5,000 shares issued and outstanding... Common stock, $15 par value, 100,000 shares authorized; 40,000 shares issued and outstanding .. Paid-in capital in excess of par value-preferred stock. Paid-in capital in excess of par value-common stock Retained earnings 600,000 24,000 360,000 325,000 Total stockholders' equity. $1,809,000