a$.$ Use the financial statement effects template to indicate the effects of each transaction. Note: Use negative signs with answers when appropriate. Note: If an answer field is not needed, leave it blank $($not all answer fields will be used$).$ Note: Round answer to the nearest dollar, if applicable. Identifying and Analyzing Financial Statement Effects of Stock Transactions

The stockholders' equity of Gaulin Company at the start of the current year follows.

During the current year, the following transactions occurred.

Jan. $5$: Issued $30,000$ shares of common stock for $\backslash (\backslash$$ $13\backslash )$ cash per share.

Jan. $18$: Repurchased $12,000$ shares of common stock at $\backslash (\backslash$$ $16\backslash )$ cash per share.

Mar$\mathrm{.}12$: Sold one$-$fourth of the treasury shares acquired January $18$ for $\backslash (\backslash$$ $19\backslash )$ cash per share.

July $17$ : Sold $1,500$ shares of treasury stock for $\backslash (\backslash$$ $14\backslash )$ cash per share.

Oct. $1$: Issued $15,000$ shares of $\backslash (8\backslash \%,\backslash$$ $25\backslash )$ par value preferred stock for $\backslash (\backslash$$ $36\backslash )$ cash per share. This is the first issuance of preferred shares from the $150,000$ authorized preferred shares.

Required

a$.$ Use the financial statement effects template to indicate the effects of each transaction.

Note: Use negative signs with answers when appropriate.

Note: If an answer field is not needed, leave it blank $($not all answer fields will be used$).$

Note: Round answer to the nearest dollar if annlicable b$.$ Prepare the current year stockholders' equity section of the balance sheet assuming that the company reports net income of $\backslash (\backslash$$ $230,700\backslash )$ for the year.