Effects of equity transactions on financial statementsThe following events were experience...

Effects of equity transactions on financial statements

The following events were experienced by Baskin. Inc.

1. Issued common stock for cash.

2.Paid cash to purchase treasury stock.

3. Declared a cash dividend.

4. Issued cumulative preferred stock.

5. Issued noncumulative preferred stock.

6. Appropriated retained earnings.

7. Sold treasury stock for an amount of cash that was more than the cost of the treasury slock.

8. Distributed a stock dividend.

9. Declared a 2-for-l stock split on the common stock.

10. Paid a cash dividend that was previously declared.

Required

Show the effect of each event on the elements of the financial statements using a horizontal statements model like the following one. Use + for increase, - for decrease, and NA for not affected. In the Cash Flow column indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). The first transaction is entered as an example.