(Answered) Problem - milo corporation completed the following selected

Accounting

Problem - Milo Corporation completed the following selected transactions during the current year:

Mar 3 - Distributed a 13% stock dividend on the 90,000 common shares outstanding. The market price of the common shares was $27 per share.

May 16 - Declared a cash dividend on the $6 preferred shares (1,700 shares outstanding).

May 30 - Paid the cash dividends.

Dec 8 - Issued 2,600 common shares for $32 per share.

Dec 19 - Issued 19,000 common shares for $30 per share.

Analyze each transaction in terms of its effect (in dollars) on the accounting equation of Milo Corporation.

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