Prepare a tabular summary to record the transactions, Include margin explanations for the changes in revenues and expenses

Sarasota Corp. was organized on January 1, 2022. It is authorized to issue 20,800 shares of 5%, $52 par value preferred stock and 464,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year Jan 10 1 1 Mar. May Sept. Nov. Issued 72.000 shares of common stock for cash at $4 per share. Issued 1.240 shares of preferred stock for cash at $55 per share. Issued 117,000 shares of common stock for cash at $8 per share. Issued 5.400 shares of common stock for cash at $9 per share. Issued 3,400 shares of preferred stock for cash at $56 per share. 1 1 (a) Prepare a tabular summary to record the transactions. Include margin explanations for the changes in revenues and expenses. (If 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 Value Cash Common Stock Jan. 10 $ $ S Mar. 1 May 1 Sept. 1 Nov. 1 Total