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Homework: Week 7: Homework Sav Score: 0 of 8 pts 2 of 5 (1 complete) HW Score: 16.46%, 7.41 of 45 E10-46B (similar to) Question Help At December 31, 2018, Blumenthall Corporation reported the stockholders' equity accounts shown here (with dollar amounts in millions, except per-share amounts). BE: (Click the icon to view the data.) Blumenthall's 2019 transactions included i (Click the icon to view the transactions.) Requirements 1. Journalize Blumenthall's transactions in parts b, c, d, and e. Explanations are not required. 2. What was the overall effect of these transactions (parts a-e) on Blumenthall's stockholders' equity? Requirement 1. Journalize Blumenthall's transactions in b, c, d, and e. Explanations are not required. (Enter amounts in millions as provided to you in the problem statement. Record debits first, then credits. Exclude explanations from any journal entries.) b. Issuance of 6 million shares of common stock for $12.50 per share. Journal Entry Accounts Date Debit Credit A More Info X Data Table - X Common stock, $4.00 par value per share, 25 million shares issued Paid-in capital in excess of par value Retained earnings a. Net income, $442 million b. Issuance of 6 million shares of common stock for $12.50 per share c. Purchase of 10 million shares of treasury stock for $130 million d. Sold 4 million of the treasury shares purchased in part c for $60 million e. Declaration and payment of cash dividends of $35 million Treasury stock, at cost Print Print [ Done Total stockholders' equity Print Done Chool hswer