*Exercise 11-12 Gilliam Corporation recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review his textbooks on the topic of corporation accounting. During the first month, the accountant made the following entries for the corporation's capital stock. May Cash 209,600 Capital Stock 209,600 (Issued 13,100 shares of $13 par value common stock at $16 per share) 799,100 10 Cash Capital Stock 799,100 (Issued 13,100 shares of $51 par value preferred stock at $61 per share) 15 Capital Stock 43,200 Cash 43,200 (Purchased 2,700 shares of common stock for the treasury at $16 per share 31 Cash 13,804 Capital Stock 8,120 Gain on Sale of Stock 5,684 (sold 812 shares of treasury stock at $17 per share) On the basis of the explanation for each entry, prepare the entry that should have been made for the capital stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter 0 for the amounts.) Account Titles and Explanation Credit