To expand operations, Aragon Consulting issued 1,450 shares of previously unissued common stock with a par value of $1. The price for the stock was $50 per share.

1-a. Assets= Liabilities+Stockholders Equity

Complete the table below, indicating the account, amount, and direction of the effectfor the stock issuance.(Enter any decreases to account balances with a minus sign.)

1-b.

Prepare the journal entry for the stock issuance.(If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

2-a. Assets=Liabilities+Stockholders Equity

Complete the table below, indicating the account, amount, and direction of the effect for the stock issuance with a par value of $2.(Enter any decreases to account balances with a minus sign.)