The following events were experienced by Abbot Inc 1

Issued
The following events were experienced by Abbot Inc.:1. Issued cumulative preferred stock for
cash.2. Issued common stock for cash.3. Distributed a 2-for-1 stock split on the common
stock.4. Issued noncumulative preferred stock for cash.5. Appropriated retained earnings.6.
Sold treasury stock for an amount of cash that was more than the cost of the treasury stock.7.
Distributed a stock dividend.8. Paid cash to purchase treasury stock.9. Declared a cash
dividend.10. Paid the cash dividend declared in Event 9.RequiredShow 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 anexample.
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The following events were experienced by Abbot Inc 1 Issued
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