Practice Exercise 4 Cullumber Company had these transactions during the current period. June 12 Issued 79,000 shares of $1 par value common stock for cash of $296,250. July 11 Issued 2,500 shares of $105 par value preferred stock for cash at $113 per share. Nov. 28 Purchased 1,600 shares of treasury stock for $8,150. Prepare a tabular summary to record the Cullumber Company transactions. (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.) Assets = Liabilities +. Stockholders' Equity Paid-in-Capital Retained Earnings - Expense - Common Stock Cash PIC in Excess of Par Com. + Pref. Stock + PIC in Excess of F Par Pref. Treasury Stock + Revenue Dividend June 22 July 11 Nov. 28 Click if you would like to Show Work for this question: Open Show Work