Indigo Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 27,600 shares for cashat $51 per share. July 1 Issued 41,400 shares for cash at $56 per share. (a) Prepare a tabular summary to record the transactions. Include margin explanations for the changes in revenues and expenses. (Of a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, ploce a negative sign (ar parentheses) in front of the amount entered for the porticular Asset, Liability or Equity item that was reduced.) Indigo Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 issued 27,600 shares for cash at $51 per share. July 1 issued 41,400 shares for cash at $56 per share: (a) Prepare a tabular summary to record the transactions. Include margin explanations for the changes in revenues and expenses. (If a transaction couses a decrease in Assets, Liabilities or Stockholders' Equity, place a negotive sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Indigo Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50, During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb, 1 Issued 27,600 shares for cash at $51 per share. July 1 Issued 41,400 shares for cashat $56 per share. (a) Prepare a tabular summary to record the transactions. Include margin explanations for the changes in revenues and expenses. (If a transoction causes a decrease in Assets, Liabilities or Stockhoiders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset. Liability or Equity item that was reduced.)