Required information The following information applies to the questions displayed below) Following are the issuances of stock transactions 1. A corporation issued 4,000 shares of $5 par value common stock for $35.000 cash 2. A corporation issued 2,000 shares of no par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000. The stock has a $1 per share stated value 3. A corporation issued 2,000 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $40,000. The stock has no stated value 4. A corporation issued 1000 shares of $50 pat value preferred stock for $60.000 cash Analyze each transaction from issuances of stock by showing its effect on the accounting equation-specifically identify the accounts ond amounts including or -) for each transaction Assets Liabilities Equity 1 1 2 2 3