12 43:06 Required information Use the following information for Exercises 4-5 below. (Algo) [The following information applies to the questions displayed below.] Following are the issuances of stock transactions. 1. A corporation issued 4,000 shares of $20 par value common stock for $96,000 cash. 2. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $50,500. The stock has a $3 per share stated value. 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts. estimated to be worth $50,500. The stock has no stated value. 4. A corporation issued 1,000 shares of $75 par value preferred stock for $125,500 cash. Exercise 11-5 (Algo) Analyzing impact of stock issuance transactions LO P1 ht nces Analyze each transaction from issuances of stock by showing its effect on the accounting equation-specifically, identit accounts and amounts (including + or -) for each transaction. 1. Cash 2. 3. 4. Assets (+) increase 96,000 = Liabilities (+) increase 40,000