Required information Problem 8-27 (Algo) Transaction analysis-various accounts LO 1, 2, 4, 6 [The following information applies to the questions displayed below.] Refer to the following transactions. a. Sold 4,300 shares of $44 par value 8% 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 3,000 shares of $2 par value common stock in exchange for land valued at $109,000. e. Sold 232 shares of the treasury stock purchased in transaction c for $58 per share. f. Split the common stock 2-for-1.Required: Show the effect (if any) of each of the above transactions on each financial statement category by selecting 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. Transaction Cash Other Assets Liabilities Paid-in Capital Retained Earnings Treasury Stock Net Income a. +189,200 +189,200 b. -15,136 C. -25,200 +25,200 d. +109,000 +109,000 e. +13,456 +464 -12,992 f.Journal entry worksheet 2 4 5 6 Record the sale of 4,300 shares of $44 par value 8% preferred stock at par. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Cash 189,200 189,200Journal entry worksheet A 2 3 5 6 Record the declaration of annual dividend on the preferred stock. Note: Enter debits before credits. Transaction General Journal Debit Credit b.Journal entry worksheet ( o 2 a 4 s a Record the purchase of 450 shares of preferred stud: for the treasury at $56 per share. Note: Enter debits before quills. Journal entry worksheet A 2 3 5 6 Record the issue of 3,000 shares of $2 par value common stock in exchange for land valued at $109,000. Note: Enter debits before credits. Transaction General Journal Debit Credit d.Journal entry worksheet A 2 6 Record the sale of 232 shares of the treasury stock purchased in transaction c for $58 per share. Note: Enter debits before credits. Transaction General Journal Debit Credit e.Journal entry worksheet A 2 3 4 5 6 Record the 2 for 1 split of common stock. Note: Enter debits before credits. Transaction General Journal Debit Credit f