Question 3 of 6 View Police Current Attempt in Progress Culver Corporation is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock Feb. 1 Issued 26,800 shares for cash at $51 per share. July 1 Issued 40,200 shares for cash at $56 per share. Prepare a tabular summary to record the transactions. Include margin explanations for the changes in revenues and expenses transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, ploce a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities PICincess of Com Common Stock Cash Feb 1 $ July 1 e Textbook and Media Attempts of used