Cheyenne Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Issued 21.200 shares for cash at $51 per share. July 1 Issued 31,800 shares for cash at $56 per share. Feb. 1 (a) Prepare a tabular summary to record the transactions. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Cash Common Stock PIC in Excess of P Com Feb. 1 $ $ July 1 e Textbook and Media Current Attempt in Progress Cheyenne Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 21,200 shares for cash at $51 per share. July 1 Issued 31,800 shares for cash at $56 per share, (a) Prepare a tabular summary to record the transactions. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset Liability or Equity item that was reduced.) Stockholders' Equity Paid-in-Capital PIC in Excess of Par Value Prof. Stock Revenue PIC in Excess of Par Value Pref. Com $ $ $ NAH Current ATC Cheyenne Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 July 1 Issued 21,200 shares for cash at $51 per share. Issued 31,800 shares for cash at $56 per share. (a) Prepare a tabular summary to record the transactions Include margin explanations for the changes in revenues and expenses. (if a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) ty Retained Earnings renue Expense Dividend $ e Textbook and Media Dividends Pald-in-capital in excess of common stock Pald-In-capital in excess of proferred stock Common stock Interest expense Preferred stock Sveforlator The stockholders' equity accounts of Pina Colada Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 5,000 shares authorized) Common Stock ($4 stated value, 300,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (5,000 common shares) $300,000 1,000,000 15.000 480,000 694,000 40,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity Feb. 1 Mar. 20 Oct 1 Nov 1 Dec 1 Issued 5,000 shares of common stock for $30,000 Purchased 1,000 additional shares of common treasury stock at $7 per share Declared a 7% cash dividend on preferred stock payable November 1. Paid the dividend declared on October 1, Declared a $0.65 per share cash dividend to common stockholders of record on December 15, payable December 31, 2022 Paid the dividend declared on December 1 Dec. 31 include margin explanations for the changes in revenues and expenses. (Round answers to decimal places, eg. 5,275. 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 PIC Cash Div. Pay Common Stock + (a) Bal. $ $ (b) Feb. 1 Mar. 20 Oct 1 Nov. 1 Dec. 1 Dec. 31 e Textbook and Media Stockholders Paid-in-Capital PIC in Excess of Stated Value Com PIC in Excess of Par Value Pref. Treasury Stock Pref. Stock $ $ 5 Include margin explanations for the changes in revenues and expenses. (Round answers to decimal places, eg. 5,275. Ifa transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Retained Earnings Revenue Expense Dividend $ e Textbook and Media Paid-in-capital in botcess of common stock Interest expense Common stock Dividends Paid-in-capital in excess of preferred stock Preferred stock