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Required information The following information applies to the questions displayed below) Following are the issuances of stock transactions 1. A corporation issued 4,000 shares of $5 par value common stock for $35,000 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 $40,000. The stock has a $1 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 $40,000. The stock has no stated value. 4. A corporation issued 1,000 shares of $50 par value preferred stock for $60,000 cash. Analyze each transaction from issuances of stock by showing its effect on the accounting equation-specifically, identify the accounts and amounts (including or -) for each transaction + Answer is not complete. Liabilities 1 Cash Assets (+) increase 35,000 + 1 + 2 Common Stock 55 Par Value (+) in Paid in Cape in Excess of Par Value, Common Stock nas Common Stock ST Sated Valur () inor Paid in Capital in Excess of Stated Value, Common Stock in + 2 + 2. 3. . Common Stock, No-Par Vino . 3. 4 Cash ) increase 60,000 - Preferred Stock, 50 Pur Value Paid in Capital in Excess of Par Value, Preferred Stock (in nor 4. Liabilities Equity Common Stock, $5 Par Value (+) increase Paid-In Capital in Excess of Par Value, Common Stock increase Common Stock $1 Stated Value (+) increase Paid-in Capital in Excess of Stated Value, Common Stock (+) increase 20,000 15,000 2,000 38,000 + + = Common Stock, No-Par Value (4) increase 40,000 + + 50,000 Preferred Stock, $50 Par Value Paid-In Capital in Excess of Par Value, Preferred Stock (+) increase (+) increase . 10,000