The stockholders' equity accounts of Cullumber Corporation on January 1, 2027, were as follows. Preferred Stock...

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The stockholders' equity accounts of Cullumber Corporation on January 1, 2027, were as follows. Preferred Stock (7%, $100 par noncumulative, 4,300 shares authorized) $258,000 Common Stock ($4 stated value, 293,000 shares authorized) 937,600 Paid-in Capital in Excess of Par Value-Preferred Stock 12,900 Paid-in Capital in Excess of Stated Value-Common Stock 468,800 Retained Earnings 688,500 Treasury Stock (4,300 common shares) 34,400 During 2027, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 4,300 shares of common stock for $30,100. Mar. 20 Purchased 1,300 additional shares of common treasury stock at $8 per share. Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1. Nov. 1 Dec. 1 Dec. 31 Paid the dividend declared on October 1. Declared a $0.40 per share cash dividend to common stockholders of record on December 15, payable December 31, 2027. Paid the dividend declared on December 1. (a) (b) Prepare a tabular summary that includes the January 1, 2027, balances. Do not include the beginning balance in Retained Earnings in the tabular summary. Record the 2027 transactions in the tabular summary. Include margin explanations for the changes in revenues and expenses. (Round answers to O decimal places, e.g. 5,275.) -Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. -Increases in expenses require a negative sign or parentheses. -Increases in Discount on Bonds Payable require a negative sign or parentheses. Increases in Treasury Stock require a negative sign or parentheses. Assets Cash (a) Bal. $ (b) Feb. 1 Mar. 20 Oct. 1 Nov. 1 Dec. 1 Dec. 31 $ Liabilities Div. Pay. $ Common Stock + Paid-in-Capital in Excess of Stated Value Common $ Paid-in-Capital Paid-in-Capital in Excess of Par Pref. Stock $ $ Value Preffered Stockholders' Equity Treasury Stock $ $ Revenue Expense $ Retained Earnings $ Dividend Common stock Dividends Interest expense Pald-In-capital in excess of common stock Pald-In-capital in excess of preferred stock Preferred stock The stockholders' equity accounts of Cullumber Corporation on January 1, 2027, were as follows. Preferred Stock (7%, $100 par noncumulative, 4,300 shares authorized) $258,000 Common Stock ($4 stated value, 293,000 shares authorized) 937,600 Paid-in Capital in Excess of Par Value-Preferred Stock 12,900 Paid-in Capital in Excess of Stated Value-Common Stock 468,800 Retained Earnings 688,500 Treasury Stock (4,300 common shares) 34,400 During 2027, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 4,300 shares of common stock for $30,100. Mar. 20 Purchased 1,300 additional shares of common treasury stock at $8 per share. Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1. Nov. 1 Dec. 1 Dec. 31 Paid the dividend declared on October 1. Declared a $0.40 per share cash dividend to common stockholders of record on December 15, payable December 31, 2027. Paid the dividend declared on December 1. (a) (b) Prepare a tabular summary that includes the January 1, 2027, balances. Do not include the beginning balance in Retained Earnings in the tabular summary. Record the 2027 transactions in the tabular summary. Include margin explanations for the changes in revenues and expenses. (Round answers to O decimal places, e.g. 5,275.) -Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. -Increases in expenses require a negative sign or parentheses. -Increases in Discount on Bonds Payable require a negative sign or parentheses. Increases in Treasury Stock require a negative sign or parentheses. Assets Cash (a) Bal. $ (b) Feb. 1 Mar. 20 Oct. 1 Nov. 1 Dec. 1 Dec. 31 $ Liabilities Div. Pay. $ Common Stock + Paid-in-Capital in Excess of Stated Value Common $ Paid-in-Capital Paid-in-Capital in Excess of Par Pref. Stock $ $ Value Preffered Stockholders' Equity Treasury Stock $ $ Revenue Expense $ Retained Earnings $ Dividend Common stock Dividends Interest expense Pald-In-capital in excess of common stock Pald-In-capital in excess of preferred stock Preferred stock