Concord Corporation began operations on April 1 by issuing 52,700 shares of $ 6 par value common stock for cash at $ 16 per share. In addition, Concord issued 2,800 shares of $ 1 par value preferred stock for $ 4 per share. Prepare a tabular summary to record the issuance of the common and preferred shares. 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 (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities + Cash II = + Common Stock + PIC in Excess of Pai Apr. 1 $ $ ta $ $ Apr. 1 e Textbook and Media Concord Corporation began operations on April 1 by issuing 52,700 shares of $ 6 par value common stock for cash at $ 16 per share. In addition, Concord issued 2,800 shares of $ 1 par value preferred stock for $ 4 per share. Prepare a tabular summary to record the issuance of the common and preferred shares. 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 (or 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 Com. + Pref. Stock + PIC in Excess of Par Pref. + Revenue $ ta $ eTextbook and Media Concord Corporation began operations on April 1 by issuing 52,700 shares of $ 6 par value common stock for cash at $ 16 per share. In addition, Concord issued 2,800 shares of $ 1 par value preferred stock for $ 4 per share. Prepare a tabular summary to record the issuance of the common and preferred shares. 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 (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) a olders' Equity Retained Earnings Revenue Expense Dividend $ $ $ ta Preferred stock Paid-in-capital in excess of common stock Interest expense Paid-in-capital in excess of preferred stock Common stock Dividends e Textbook and Media List of Accounts