The corporation issues 3500 shares of common stock for $84 per share. How much cash did the corporation receive? Record the balances in the equity section after this transaction has been recorded. Hint: Record the beginning equity account balances in the accounting equation format. Then record the balanced transaction to issue stock. Finally compute the ending balances for the accounts that were involved in the transaction. Stockholders Equity Before Transaction After Transaction Common stock, 300000 shares authorized, 31000 shares issued, 29450 shares outstanding, S14 par value S434000s Contributed capital in excess of par value, Common Stock $2170000 Retained Earnings $129000 Treasury Stock (86800 Total Stockholders Equity $2646200 CHECK