Beamsley Corporation was organized in 2020 to operate a financial consulting business. The charter authorized 12,000 common shares, no par value. During the first year, the following selected transactions were completed: a. Issued 7,000 shares of common shares for cash at $30 per share. b. Issued 3,000 shares of common shares for cash at $33 per share. Required: 1. Show the effects of each transaction on the accounting equation. (Enter any decreases to Assets, Liabilities, or Stockholders' Equity with a minus sign.) Transaction a Cash b. Cash Assets 210,000 99,000 Common shares Common shares Shareholders' E