During its first year of operations, Sheffield Corp. had these transactions pertaining to its common stock. Jan. 10 July 1 Issued 26,500 shares for cash at $5 per share. Issued 57,500 shares for cash at $7 per share. Prepare a tabular summary to record the transactions, assuming that the common stock has a par value of $5 per share. Of a transaction causes a decrease In Assets, Liabilities or Stockholders' Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity Item that was reduced) Assets Liabilities Stockholders' Equi Cash Pald-in-Capital Common Stock + PIC in Excess of Par Com. + Revenue Jan. 10 $ July 1 e Textbook and Media Prepare a tabular summary to record the transactions, assuming that the common stock has a par value of $1 per share. (If a transaction causes a decrease in Assets, Liabilities or Stockholders'Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Stockholders' Equit Paid-in-Capital Common Stock PIC in Excess of Par Com Cash Revenue Ian 10 $ July 1 Stockholders' Equity Paid-in-Capital Common Stock + PIC in Excess of Par Com. + Retained Earnings Expense Revenue Dividend e Textbook and Media Prepare a tabular summary to record the transactions, assuming that the common stock has a par value of $1 per share. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Paid-in-Capital Common Stock + PIC in Excess of Par Com Retained Earnings Expense Revenue Dividend