Current Attempt in Progress Sandhill Co. had these transactions during the current period. June 12 Issued 87,000 shares of $1 par value common stock for cash of $326,250. July 11 Issued 2,750 shares of $100 par value preferred stock for cash at $107 per share. Nov. 28 Purchased 2,150 shares of treasury stock for $7,900. Prepare a tabular summary to record the Sandhill Co. transactions. Include margin explanations for the changes in revenues and expenses. (If a transaction cquses a decrease in Assets, Labilitles or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets = Liabilities