Illustrate the effects on the accounts and financial statements of the May 31 transaction. If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. Balance Sheet Assets Liabilities+ Stockholders' Equity Stateme nt of Cash Flows Paid-in capital iv exsess.af par Preferred Cash No effect stock stock May 31 Statement of Cash Income Statement Flows Financin No effect b. What is the total amount invested (total paid-in capital) by all stockholders as of May 31? Illustrate the effects on the accounts and financial statements of the May 31 transaction. If no account or activity is affected, select "No effect" from the dropdown list and leave the corresponding number entry box blank. Enter account decreases and cash outflows as negative amounts. Balance Sheet Assets Liabilities+ Stockholders' Equity Stateme nt of Cash Flows Paid-in capital iv exsess.af par Preferred Cash No effect stock stock May 31 Statement of Cash Income Statement Flows Financin No effect b. What is the total amount invested (total paid-in capital) by all stockholders as of May 31