On May $10,$ Sunland Corporation issues $2,800$ shares of $$4$ par value common stock for cash at $$13$ per share.

Prepare a tabular summary to record the issuance of the stock. Include margin explanations for changes in revenues and expenses. $($If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign $($or parentheses$)$ in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.$)$