Current Attempt in Progress Whispering Winds Corp, was organized on January 1, 2022. It is authorized to issue 21.800 shares of 7%, 551 par value preferred stock and 466,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year, Jan 10 Issued 73,000 shares of common stock for cash at $6 per share. Mar Issued 1.260 shares of preferred stock for cash at $56 per share. May Issued 118,000 shares of common stock for cash at $6 per share. Sept Issued 5,600 shares of common stock for cash at $7 per share Issued 3.600 shares of preferred stock for cash at $54 per share. 1 1 1 1 Nov (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, Lability or Equity item that was reduced) Liabilities Assets PIC in E Cash Common Stock n. 10 $ 6 of 6 -/5 e a tabular summary to record the transactions. Include margin explanations for the changes in revenues and expenses. nsaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the tentered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Paid-in-Capital Excess of Stated PIC in Excess of Par Value Value Com. Pref. Stock Pref Revenue $ $ extbook and Media et of Accounts "ofor Later Attempts: 0 of 3 used Submit Answer stion 6 of 6 - 75 E repare a tabular summary to record the transactions. Include margin explanations for the changes in revenues and expenses fa transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, ploce a negative sign for parentheses) in front of the mount entered for the particular Asset, Liability or Equity item that was reduced.) Retained Earnings Expense Dividend $ e Textbook and Media List of Accounts Save for later Attempts:0 of 3 used Submit Answer margin explanations for the changes in revenues and expenses. s'Equity, place a negative sign (or parentheses) in front of the was reduced.) end Paid-in-capital in excess of common stock Common stock Preferred stock Interest expense Dividends Paid-in-capital in excess of preferred stock Attempts: 0 of 3 used Submit