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Required information Problem 8-29 (Algo) Transaction analysis-various accounts LO 8-1, 8-2, 8-3, 8-4, 8-6 [The following information applies to the questions displayed below] Refer to the following transactions. a. Soid 4,900 shares of $50 par value 9% preferred stock at par. b. Declared the annual dividend on the preferred stock. c. Purchased 450 shares of preferred stock for the treasury at $56 per share. d. Issued 1,000 shares of $2 par value common stock in exchange for land valued at \$108,000. e. Sold 250 shares of the treasury stock purchased in transaction c for $58 per share. f. Split the common stock 2 -for-1. Problem 8-29 (Algo) Part 1 Required: Show the effect (if any) of each of the above transactions on each financial statement category by selecting a plus ( () sign and the amount in the appropriate column. Do not show items that affect net income in the retained earning: Show the effect (if any) of each of the above transactions on each financial statement category by seiecting a plus ( + ) or minus () sign and the amount in the appropriate column. Do not show items that affect net income in the retained earnings column