ABC Inc. started its operation on 1/1/2021 and did the following transaction: - 1/1/2021 Issued 700 shares of common stock for $50 per share - 4/1/2021 Issued 110 shares of common stock for $54 per share - 5/1/2021 Issued 700 shares of $10 par value preferred stock for $130 per share 1. Record the transaction assuming a no-par common stock 2. Record the transaction assuming $1 par value 3. Record the transaction for the preferred stock After your transactions are prepared on paper, respond to the following questions