Cullumber Corporation was organized on January $1,2027.$ It is authorized to issue $21,200$ shares of $7\%,$$$50$ par value preferred stock

and $474,000$ 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 $66,600$ shares of common stock for cash at $$4$ per share.

Mar. $1$ Issued $12,200$ shares of preferred stock for cash at $$57$ per share.

May $1$ Issued $122,000$ shares of common stock for cash at $$7$ per share.

Sept. $1$ Issued $6,400$ shares of common stock for cash at $$8$ per share.

Nov. $1$ Issued $4,400$ shares of preferred stock for cash at $$59$ per share.

$($a$)$

Prepare a tabular summary to record the transactions. $($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.$)$