Exercise 8-12 (Part Level Submission) During its first year of operations, Flint Corporation had these transactions pertaining to its common stock. Jan. 10 Issued 26,900 shares for cash at $4 per share. July 1 Issued 59,500 shares for cash at $7 per share. Prepare a tabular summary to record the transactions, assuming that the common stock has a par value of $4 per share. (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.) Llabilities Stockholders' Equity Paid-in-Capital + Common Stock + PIC in Excess of Par Com. + Revenue Retained Earnings - Expense Cash Dividend Jan, 10 July 1