Surfing Dewd Corporation is authorized to issue both preferred and common stock. Surfing Dew's preferred stock is $105 par, 6% preferred stock. During the first month of operations, the company engaged in the following transactions related to its stock. Show each of the following transactions in the accounting equation: March 1 issued 16,000 shares of $0.50 par value common stock for cash at $5.00 per share March 11 Issued 1,500 shares of preferred stock at par March 16 Purchased 3,000 shares of common stock to be held in the treasury for $7 per share March 18 Issued 32,000 shares $0.50 par value common stock for cash at $10 per share March 20 Sold 2.900 shares of the treasury stock purchased on the 16th for $12 per share March 31 Declared a $10,000 dividend Show how each transaction would affect the accounting equation. Some of the accountams will be abbreviated March 1: Issued 16,000 shares of $0.50 par value common stock for cash at $5.00 per share (Use parentheses or a minus sign when entering component decreases contra account increases. Use only the necessary input lines.) Shareholders' Equity Assets Liabilities - Contributed Capital Retained Earnings Account Account Account Account March 11: Issued 1,500 shares of preferred stock at par (Use parentheses or a minus sign when entering component decreases or contra account increases. Use only the necessary input ines) Shareholders' Equity Choose from any list or enter any number in the input fields and then continue to the next