Make a table showing work:

The stockholders' equity section of XPress Media Company for the current year follows.

During the year, the following transactions occurred.

Jan. $10$: Issued $28,000$ shares of common stock for $\backslash (\backslash$$ $18\backslash )$ cash per share.

Jan. $23$: Repurchased $8,000$ shares of common stock at $\backslash$$$20$ cash per share.

Mar. $14$: Sold one$-$half of the treasury shares acquired January $23$ for $\backslash (\backslash$$ $22\backslash )$ cash per share.

July $15$: Issued $2,600$ shares of preferred stock for $\backslash$$$128,000$ cash.

Nov. $15$: Sold $1,000$ of the treasury shares acquired January $23$ for $\backslash (\backslash$$ $26\backslash )$ cash per share.

Required

a$.$ Use the financial statement effects template to indicate the effects from each of these transactions.

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. b$.$ Prepare the stockholders' equity section of the balance sheet assuming the company reports net income of $\backslash (\backslash$$ $121,000\backslash )$ for the current year.

$\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|\}$

$\backslash$hline $\backslash$multicolumn$\{3\}\{|$l$|\}\{$XPRESS MEDIA COMPANY$\}\backslash \backslash$

$\backslash$hline Paid$-$in capital & & $\backslash \backslash$

$\backslash$hline $\backslash (8\backslash \%\backslash )$ preferred stock, $\backslash (\backslash$$ $25\backslash )$ par value, $50,000$ shares authorized; $11,000$ shares issued and outstanding & $\backslash$$ & $\backslash (0\backslash$times $\backslash )\backslash \backslash$

$\backslash$hline Common stock, $\backslash (\backslash$$ $10\backslash )$ par value, $200,000$ shares authorized; $78,000$ shares issued, $(3,000$ shares in treasury$)$ & & $\backslash (0\backslash$times $\backslash )\backslash \backslash$

$\backslash$hline Total paid$-$in capital & & $0\backslash \backslash$

$\backslash$hline Additional paid$-$in capital & & $\backslash \backslash$

$\backslash$hline Paid$-$in capital in excess of par value$-$preferred stock & & $\backslash (0\backslash$times $\backslash )\backslash \backslash$

$\backslash$hline Paid$-$in capital in excess of par value$-$common stock & & $\backslash (0\backslash$times $\backslash )\backslash \backslash$

$\backslash$hline Paid$-$in capital from treasury stock & & $\backslash (0\backslash$times $\backslash )\backslash \backslash$

$\backslash$hline Total additional paid$-$in capital & & $0\backslash \backslash$

$\backslash$hline Retained earnings & & $\backslash (0\backslash$times $\backslash )\backslash \backslash$

$\backslash$hline Treasury stock $(3,000$ common shares$)$ at cost & & $\backslash (0\backslash$times $\backslash )\backslash \backslash$

$\backslash$hline Total stockholders' equity & $\backslash$$ & $0\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$