Assets = liabilities + stockholders' equity. Cash = + Common stock+PIC in excess of par value com.+pref. stock+PIC in excess of par value pref.+revenue-expense-dividend

G Bridgeport Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $53. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 20,800 shares for cash at $54 per share. July 1 Issued 31,200 shares for cash at $59 per share. (a) Prepare a tabular summary to record the transactions. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) In front of the amount entered for the particular Asset, Liability or Equity Item that was reduced.) Assets Liabilities Paid-in-Capital + PIC in Excess of Par Value Cash + Common Stock Com. F Feb. 1 $ $ $ $ July 1 e Textbook and Media