Your answer is partially correct. Try again On May 10, Sarasota Corp. issues 2,400 shares of 57 par value common stock for cash at 514 per share. BEEN Prepare a tabular summary to record the issuance of the stock. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, placea negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Stockholders' Equity Retained Earnings Paid in Capital PIC in Excess of Par Value Com. Cash Common Stock Revenue Expense Dividend May 10