The following information is about Jennings Corporation's shareholders' equity. For each of the following proposed events, determine the impact on each of the items described and keep a running balance of the changes.

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Event Par Valuo Authorizod Issuod Outstanding Total Par Per Share Shares Shares Shares Value $1 2000000 600,000 600,000$600,000 1. Issue 10,000 shares of 2. Purchase 5,000 shares 3. Sell 1,000 shares common stock of Jennings common stock of treasury stock 4. Declare and distribute a 2-for-I stock split