Marigold Corp, 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 22,400 shares for cash at $51 per share July 1 Issued 33,600 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, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities PIC in Excess of P Com Cash Common Stock Feb. 1 $ $ $ July 1