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

Jan. $10$ Issued $25,900$ shares for cash at $$4$ per share.

July $1$ Issued $54,500$ shares for cash at $$9$ per share.

$($a$)$

Prepare a tabular summary to record the transactions, assuming that the common stock has a par value of $$4$ per share. Include margin explanations for the changes in revenues and expenses. $($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, Liability or Equity item that was reduced.$)$

$($b$)$

The parts of this question must be completed in order. This part will be available when you complete the part above.