The corporation issues 6600 shares of common stock for $72 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 After Transaction Transaction $120000 Common stock, 800000 shares authorized, 10000 shares issued, 9000 shares outstanding, $12 par value. $480000 Contributed capital in excess of par value, Common Stock $ Retained Earnings $125000 $ $(36000) Treasury Stock $( Total Stockholders Equity $689000 $ EA EA EA