Sunland Company had these transactions during the current period.

June 12		Issued 83,500 shares of $1 par value common stock for cash of $313,125.
July 11		Issued 3,450 shares of $100 par value preferred stock for cash at $104 per share.
Nov. 28		Purchased 2,950 shares of treasury stock for $8,450.

Prepare a tabular summary to record the Sunland Company 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 PIC in Excess of Par Com. Retained Earnings Dividend Cash Common Stock Revenue Expense Jan. 10 $ July 1