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Identifying and Analyzing Financial Statement Effects of Stock Transactions Following is the stockholders' equity of Sharp Corporation at the start of the current year. $280,000 8% preferred stock, $50 par value, 10,000 shares authorized; 5,600 shares issued and outstanding Common stock, $20 par value, 50,000 shares authorized; 17,500shares 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 Total stockholders' equity 350,000 49,000 269,500 166,600 $1,115,100 The following transactions, among others, occurred during the current year. Jan. 15 Issued 700 shares of preferred stock for $60 cash per share. Jan. 20 Issued 2,800 shares of common stock at $34 cash per share. May. 18 Announced a 2-for-1 common stock split, reducing the par value of the common stock to $10 per share. The number of shares authorized was increased to 70,000 shares. June. 1 Issued 1,400 shares of common stock for $39,200 cash. Sep. 1 Repurchased 1,750 shares of common stock at $16 cash per share. Oct. 12 Sold 630 treasury shares at $19 cash per share. Dec. 22 Issued 350 shares of preferred stock for $57 cash per share. Required Use the financial statement effects template to indicate the effects of each transaction. Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction. Note: Indicate a decrease in an account category by including a negative sign with the amount. Additional Paid-in Capital-CS Additional Paid-in Capital-PS Cash Common Stock Preferred Stock Retained Earnings Treasury Stock N/A Identifying and Analyzing Financial Statement Effects of Stock Transactions Following is the stockholders' equity of Sharp Corporation at the start of the current year. $280,000 8% preferred stock, $50 par value, 10,000 shares authorized; 5,600 shares issued and outstanding Common stock, $20 par value, 50,000 shares authorized; 17,500shares 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 Total stockholders' equity 350,000 49,000 269,500 166,600 $1,115,100 The following transactions, among others, occurred during the current year. Jan. 15 Issued 700 shares of preferred stock for $60 cash per share. Jan. 20 Issued 2,800 shares of common stock at $34 cash per share. May. 18 Announced a 2-for-1 common stock split, reducing the par value of the common stock to $10 per share. The number of shares authorized was increased to 70,000 shares. June. 1 Issued 1,400 shares of common stock for $39,200 cash. Sep. 1 Repurchased 1,750 shares of common stock at $16 cash per share. Oct. 12 Sold 630 treasury shares at $19 cash per share. Dec. 22 Issued 350 shares of preferred stock for $57 cash per share. Required Use the financial statement effects template to indicate the effects of each transaction. Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction. Note: Indicate a decrease in an account category by including a negative sign with the amount. Additional Paid-in Capital-CS Additional Paid-in Capital-PS Cash Common Stock Preferred Stock Retained Earnings Treasury Stock N/A