Accounting for Share Transactions At the beginning of the year, The Mann Corporation, a private entity, decided to go public. A charter of incorporation was constructed which authorized the sale of 10 million shares of S1 par value common stock, 100,000 shares of $100 par value, 8% preferred stock, and 200.000 shares of $5 rio-par-value convertible preferred stock. The following shares were sold as part of the firm's initial public offering: . 1,000,000 shares of common stack at $10 per share. . 100,000 shares of $100 par value, 8% preferred stock at $105 per share, - 100,000 shares of $5 convertible, no par preferred stock at $55 per share. IPO At year-end, the full dividend was declared and paid on both preferred stock offerings. Required Using a spreadsheet, record the financial effects of the shareholders' equity transactions for The Mann Corporation for the year. Enter amounts in thousands i.e., $10,000,000 - $10,000). Use a negative sign with answers to indicate a reduction in an account balance. The Mann Corporation No par Balance Common 8% Preferred No par 8% Preferred Preferred Sheet Transaction (in thousands) Shares IPO Preferred IPO Dividend Dividend Totals Assets $ Shareholders' Equity Coro Stock APC Common S100 Preferred Stock AP C-Preferred s5 Conv. Preferred Retained Farnings Total Shareholders' Equity Cash $ Accounting for Share Transactions At the beginning of the year, The Mann Corporation, a private entity, decided to go public. A charter of incorporation was constructed which authorized the sale of 10 million shares of S1 par value common stock, 100,000 shares of $100 par value, 8% preferred stock, and 200.000 shares of $5 rio-par-value convertible preferred stock. The following shares were sold as part of the firm's initial public offering: . 1,000,000 shares of common stack at $10 per share. . 100,000 shares of $100 par value, 8% preferred stock at $105 per share, - 100,000 shares of $5 convertible, no par preferred stock at $55 per share. IPO At year-end, the full dividend was declared and paid on both preferred stock offerings. Required Using a spreadsheet, record the financial effects of the shareholders' equity transactions for The Mann Corporation for the year. Enter amounts in thousands i.e., $10,000,000 - $10,000). Use a negative sign with answers to indicate a reduction in an account balance. The Mann Corporation No par Balance Common 8% Preferred No par 8% Preferred Preferred Sheet Transaction (in thousands) Shares IPO Preferred IPO Dividend Dividend Totals Assets $ Shareholders' Equity Coro Stock APC Common S100 Preferred Stock AP C-Preferred s5 Conv. Preferred Retained Farnings Total Shareholders' Equity Cash $