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Equinox Outdoor Wear issues 1,000 shares of its $0.01 par value preferred stock for cash at $20 per share. Determine the financial statement effects

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Equinox Outdoor Wear issues 1,000 shares of its $0.01 par value preferred stock for cash at $20 per share. Determine the financial statement effects of the issuance of the preferred shares. Note: Amounts to be deducted should be indicated with a minus sign. If there are no effects for a particular transaction/event, select "There are no financial statement effects" in the first account field. Assets Liabilities Balance Sheet Stockholders' Equity Contributed Capital Retained Earnings Treasury Stock Income Statement Revenues Expenses Net Income

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