IThe following information applies to the questions displayed below.1 Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, $5 par value. During the first year, the company earned $360,000 of net income and the following selected transactions occurred in the order given: a. Issued 120,000 shares of the common stock at $51 cash per share. b. Reacquired 21,000 shares at $46 cash per share. c, Reissued 8.000 shares from treasury for $47 per share. d. Reissued 8,000 shares from treasury for $45 per share. 1. 2.00 points Required 1. Indicate the account, amount, and direction of the effect on above transaction. (Enter any decreases to account balances with a minus sign.) abilities Assets Stockholders' Equity Requ ed information