Orange Corporation was estabilshed on July 1,2022 . The company's articles of incorporation authorizes the corporation to Issue 1,000,000,$2 par value common stock and 200,000,10%$50 par value cumulative preferred stock. The company had the following select transactions for the first six months of operations. July 1: Issued 1,000 common shares in exchange for equipment with a falr value of $35,000. July 1 : Issued 10 year 10% bonds with a face value of $600,000. The bonds pay interest semi-annually on Dec 31 and June 30 . The market interest rate on the date of Issue was 8%. July 2: Issued 200,000 common shares at $40 per share. October 12: Declared a $0.62 per share cash dividend payable on December 15 to the shareholders of record on November 30. November 3 : Issued $100,000 90-day 6.25% short term notes. December 31: Recorded and paid semlannual Interest on the bonds. December 31: Recorded accrued Interest on the short-term notes. Note: Here is a present value table - use it to find any relevant present value factors if needed. Required: Record the effect of the transactlons above in the table below. If the effect is a decrease, enter the number as negative. Round final answers to the nearest whole dollar amount. If no effect, leave the cells blank. The first transaction has been completed as an example