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Teal Mountain Inc. issues 8,400 shares of $100 par value preferred stock for cash at $117 per share. Prepare a tabular summary to record the

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Teal Mountain Inc. issues 8,400 shares of $100 par value preferred stock for cash at $117 per share. Prepare a tabular summary to record the issuance of the preferred stocki Include margin explanations for the changes in revenues and expenses. Include margin explanatio changes in revenues and expenses. (If a transoction causes a decrease in Assets, Labilities or Stockholders' Equity, place a negative sign for parenthesest in front of the amount entere particulor Asset, Liobility or Equily item that was reduced) Stockholders' Equity Retained Earnings

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