Refer to the following transactions.
a. Sold 2,310 shares of $10.5 par value preferred stock at $13.50 per share.

b. Declared the annual cash dividend of $3.4 per share on common stock. There were 9,100 shares of $1 par value common stock issued and outstanding throughout the year.

c. Issued 2,300 shares of $6.5 par value preferred stock in exchange for a building when the market price of preferred stock was $13 per share.

d. Purchased 190 shares of preferred stock for the treasury at a price of $13.00 per share.

e. Sold 50 shares of the preferred stock held in treasury (see d) for $19.5 per share.

f. Declared and issued a 20% stock dividend on the $1 par value common stock when the market price per share was $46.

Required:

Part 1: 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.

Part 2: Prepare the journal entries to record each of the above transactions. (If no entry is required for a transaction/event, select “No journal entry required” in the first account field.)