Ayayai Corporation was organized on January 1, 2022. It is authorized to issue 10,000 shares of 8%, $100 par value preferred stock, and 450,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year.

Jan.	10		Issued 75,000 shares of common stock for cash at $4 per share.
Mar.	1		Issued 4,000 shares of preferred stock for cash at $105 per share.
Apr.	1		Issued 22,000 shares of common stock for land. The asking price of the land was $85,000. The fair value of the land was $80,000.
May	1		Issued 75,000 shares of common stock for cash at $4.25 per share.
Aug.	1		Issued 10,000 shares of common stock to attorneys in payment of their bill of $35,000 for services performed in helping the company organize.
Sept.	1		Issued 10,000 shares of common stock for cash at $5 per share.
Nov.	1		Issued 1,000 shares of preferred stock for cash at $108 per share.

Post to the stockholders equity accounts. (Post entries in the order of journal entries presented in the previous part.)