Help Save & Exit Submit Check my werk Problem 8-26 (Algo) Treasury stock transactions LO 6 The following information applies to the questions displayed below) On January 1, 2019, Metco Inc. reported 290.000 shares of $4 par value common stock as being issued and outstanding On March 24, 2019, Metco Inc purchased for its treasury 4,000 shares of its common stock at a price of $39.00 per share On August 19, 2019.590 of these treasury shares were sold for $4250 per share Metco's directors declared cash dividends of $0 30 per share during the second quarter and again during the fourth quarter, payable on June 30, 2019 ond December 31, 2019, respectively. A 3% stock dividend was issued at the end of the year. There were no other transactions affecting common stock during the year Problem 8-26 (Algo) Port - Horizontal Model c-1. Use the horizontal model for the sale of the treasury stock on August 19, 2019. Indicate the financial statement effect. (Enter decreases with o minus sign to indicate a negative financial statement effect.) Balance Sheet Labs Stockholders' Equity Nel nom Assets