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Ayayai Corporation had the following stockholders' equity accounts on January 1, 2022: Common Stock ($5 par) $500,000, Paid-in Capital in Excess of Par-Common Stock $200,000,

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Ayayai Corporation had the following stockholders' equity accounts on January 1, 2022: Common Stock (\$5 par) $500,000, Paid-in Capital in Excess of Par-Common Stock $200,000, and Retained Earnings $120,000. In 2022, the company had the following treasury stock transactions. Mar. 1 Purchased 5.500 shares at $9 per share. June 1 Sold 1,000 shares at $13 per share. Sept. 1 Sold 1,000 shares at $11 per share. Dec 1 Sold 1.500 shares at $7 per share. Ayayai Corporation uses the cost method of accounting for treasury stock. In 2022 , the company reported net income of $30.0. Question 2 of 2 AYAYAI CORPORATION Balance Sheet (Partial) December 31; 2022. 5tockholders' Equity Paid-in Capital Capital Stack Commen Stock Additional Paid-lin Capital $

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