he corporation issues 5700 shares of common stock for $72 per share. How much cash did the corporation receive? Record the balances in the equity section after this transaction has been recorded. Hint: Record the beginning equity account balances in the accounting equation format. Then record the balanced transaction to issue stock. Finally, compute the ending balances for the accounts that were involved in the transaction.

Stockholders Equity
	Before Transaction	After Transaction
Common stock, 800000 shares authorized, 45000 shares issued, 36000 shares outstanding, $6 par value.	$270000	$
Contributed capital in excess of par value, Common Stock	$1890000	$
Retained Earnings	$183000	$
Treasury Stock	$(162000)	$( )
Total Stockholders Equity	$2181000	$