1. A corporation issued 5,000 shares of $20 par value common stock for $120,000 cash. 2. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $58,000. The stock has a $2 per share stated value. 3. A corporation issued 2,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $58,000. The stock has no stated value. 4. A corporation issued 1,250 shares of $50 par value preferred stock for $120,500 cash. Analyze each transaction from issuances of stock by showing its effect on the accounting equation, specifically, identify the accounts and amounts (including + or -) for each transaction. Assets Liabilities Equity 1 = 1. = + 2. + 2 = 2. + 3 = + 3 4. 4