Following are the issuances of stock transactions 1. A corporation issued 4,000 shares of $10 par value common stock for $48.000 cash. 2. A corporation issued 2.000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $35,000. The stock has a $2 per share stated volue 3. A corporation issued 2.000 shares of no par common stock to its promoters in exchange for their efforts, estimated to be worth $35,000. The stock has no stated value 4. A corporation issued 1000 shares of $75 par value preferred stock for $110,000 cash. Exercise 11-5 (Algo) Analyzing impact of stock issuance transactions LO P1 Analyze each transaction from issuances of stock by showing its effect on the accounting equation-specifically, identify the accounts and amounts (including or- for each transaction Assets Liabilities 1 Cash increase 48,000 Common Stock $10 Par Value C) decrease 40,000 Paid-in Capital in Excess of Par Value Common Stock (-) decrease 000 2 Organization Expenses () increase 35,000 Common Stock $2 Stated Value)decrease 4.000 Paid-in Capital in Excess of Stated Value Common Stock 3 Organization Expenses Common Stock No.Par Value Equity