Cones Inc. of Baie-Comeau completed the following transactions during 2020, the company's tenth year of operations:

{Requirement}
Analyze each transaction in terms of its effect (in dollars) on the accounting equation of Cones Inc.

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Feb. 2 Issued 10,000 common shares for cash of $250,000. Apr. 22 Sold 700 common shares for $26 per share. Aug. 6 Sept. 1 Nov 18 Declared a cash dividend on the 10,000 $0.60 preferred shares. Paid the cash dividends. Declared and distributed a 10% stock dividend on the 30,000 common shares outstanding. The market value of the common shares was $25 per share.