Crane Corporation was organized on January $1,2027.$ It is authorized to issue $19,800$ shares of $7\%,$$$50$ par value preferred stock and $462,000$ shares of no$-$par common stock with a stated value of $$1$ per share. The following stock transactions were completed during the first year.

Jan. $10$ Issued $71,000$ shares of common stock for cash at $$5$ per share.

Mar. $1$ Issued $11,600$ shares of preferred stock for cash at $$56$ per share.

May $1$ Issued $116,000$ shares of common stock for cash at $$8$ per share.

Sept $1$ Issued $5,200$ shares of common stock for cash at $$6$ per share.

Nov. $1$ Issued $3,200$ shares of preferred stock for cash at $$58$ per share.

$($a$)$

Prepare a tabular summary to record the transactions. $($If a transaction causes a decrease in Assets, Llabilities or Stockholders' Equity, place a negative sign $($or parentheses$)$ in front of the amount entered for the particular Asset, Llability or Equity item that was reduced.$)$

$\backslash$table$[[,,$Assets,$=,$Liabilities,$+,,,],[,,$Cash,$=,,+,$Common Stock,,$\backslash$table$[[$Paid$-$in$-$Capit$],[$Stated Valt$]]],[$Jan$.10,$$$,,$$$,,$$$,,,$$