rk Problems (REQUIRED) Required information PA11-1 Analyzing Accounting Equation Effects, Recording Journal Entries, and Preparing a Pertial Balance Sheet Involving Stock Issuance and Purchase Transactions [LO 11-2] (The following information applies to the questions displayed below] 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 $440,000 of net Income, declared no dividends, and the following selected transactions occurred in the order given a Issued no.000 shares of the common stock at $59 cash per shere b Reacquired 29.000 shares at $54 cash per share c Reissued 12,000 shares from treasury for $55 per share d Reissued 12.000 shares from treasury for $53 per share. PA11-1 Part 1 Required: 1.Indicateit Stockholders Equity with e minus sign) erensaction (Enter any decresses to Assets, Liabilities and ired 29,000 s at $54 cash per C. Reissued 12,000 shares from treasury for $55 per share. 12,000 shares from treasury for $53 per share PA11-1 Part 1 for a price of $59 per share. es 1213 o8Next > here to search price of $54 per share. Clear entry search Journal entry worksheet purchased for a price of $54 per share and sold for $55 per share Clear enty Journal entry worksheet 2 Record the re-issuance of 12,000 shares of treasury stock previously purchased for $54 per share and sold for $53 per share. Note: Enter debits before credits. eral Journal Clear entry