7.2 Common Equity Issue. Assume that a start-up manufacturing company raises capital through a series of equity issues. a. Using the financial statement template below, summarize the financial statement effects of the following transactions. Identify the account affected and use plus and minus signs to indicate the increases and decreases in the specific element of the balance sheet (assets, liabilities, components of shareholders equity). (1) Issues 100,000 shares of $1 par value common stock for $10 per share