Pronghorn Corp. was organized on January 1, 2022. It is authorized to issue 19,800 shares of 7%, $50 par value preferred stock and 462,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year.

Jan.	10		Issued 71,000 shares of common stock for cash at $5 per share.
Mar.	1		Issued 1,220 shares of preferred stock for cash at $56 per share.
May	1		Issued 116,000 shares of common stock for cash at $8 per share.
Sept.	1		Issued 5,200 shares of common stock for cash at $6 per share.
Nov.	1		Issued 3,200 shares of preferred stock for cash at $58 per share.

(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 (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
		Cash	=		+	Common Stock	+	PIC in Excess of Stated Value Com.	+	Pref. Stock	+	PIC in Excess of Par Value Pref.	+	Revenue	-	Expense	-	Dividend
Jan. 10		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		select an option DividendsInterest expenseCommon stockPreferred stockPaid-in-capital in excess of common stockPaid-in-capital in excess of preferred stock
Mar. 1		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		select an option Interest expensePaid-in-capital in excess of preferred stockDividendsPaid-in-capital in excess of common stockPreferred stockCommon stock
May 1		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		select an option Preferred stockInterest expenseCommon stockPaid-in-capital in excess of preferred stockPaid-in-capital in excess of common stockDividends
Sept. 1		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		select an option Preferred stockCommon stockPaid-in-capital in excess of preferred stockInterest expenseDividendsPaid-in-capital in excess of common stock
Nov. 1		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		select an option Interest expenseCommon stockPaid-in-capital in excess of common stockDividendsPreferred stockPaid-in-capital in excess of preferred stock
Total		enter a dollar amount	=	enter a dollar amount		enter a dollar amount	+	enter a dollar amount	+	enter a dollar amount	+	enter a dollar amount	+	enter a dollar amount	+	enter a dollar amount	-	enter a dollar amount		select an option Common stockPaid-in-capital in excess of common stockPaid-in-capital in excess of preferred stockInterest expenseDividendsPreferred stock