During its first year of operations, Oriole Corporation had these transactions pertaining to its common stock.

Jan. $10$ Issued $26,500$ shares for cash at $$5$ per share.

July $1$ Issued $57,500$ shares for cash at $$7$ per share.

$($a$)$

Prepare a tabular summary to record the transactions, assuming that the common stock has a par value of $$5$ per share. 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.$)$