Required information Use the following information for Exercises 4-5 below. (Algo) [The following information applies to the questions displayed below.] Following are the issuances of stock transactions. 1. A corporation issued 7.000 shares of $20 par value common stock for $168,000 cash. 2. A corporation issued 3.500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $29.500. The stock has a $1 per share stated value. 3. A corporation issued 3,500 shares of no-par common stock to its promoters in exchange for their efforts, estimated to be worth $29,500. The stock has no stated value. 4. A corporation issued 1,750 shares of $75 par value preferred stock for $160,750 cash. Exercise 115 (Algo) Analyzing impact of stock issuance transactions LO P1