On May 10, Sheridan Corporation issues 1,600 shares of $7 par value common stock for cash at $15 per share. Prepare a tabular summary to record the issuance of the stock Include margin explanations for changes in revenues and expenses. (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, Llability or Equity Item that was reduced.) Stockholders' Equity nue Retained Earnings Expense $ S eTextbook and Media List of Accounts Save for Later Dividend Paid-in-capital in excess of common stock Interest expense Dividends Common stock Paid-in-capital in excess of preferred stock Preferred stock