Ayayal Corp. has been authorized to issue 19,000 shares of $100 par value, 6%, noncumulative preferred stock and 1,000,000 shares of no par common stock The corporation assigned a $4 stated value to the common stock. At December 31, 2022, the ledger contained the following balances pertaining to stockholders' equity. Preferred Stock Paid-in Capital in Excess of Par Value-Preferred Stock Common Stock Pald-in Capital in Excess of Stated Value-Common Stock Treasury Stock (3,730 common shares) Retained Earnings Accumulated Other Comprehensive Income $140,000 20,000 1,910,000 1.410,000 29,840 80,000 48,000 The preferred stock was issued for $160,000 cash. All common stock issued was for cash In November 3,730 shares of common stock were purchased for the treasury ata per share cost of $8. No dividends were declared in 2022 Prepare the journal entries for the following (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts: (1) Issuance of preferred stock for cash (2) Issuance of common stock for cash (3) Purchase of common treasury stock for cash. Prepare the journal entries for the following. (Creaclit amount titles are automatically ident ery is required, select "No Embry for the entitles and enter for the amounts) (1) Issuance of preferred stock for cash. (2) Issuance of common stock for cash. (3) Purchase of common treasury stock for cash. No. Account Titles and Explanation Debit Credit eTextbook and Media AYAYAI CORP. Partial Balance Sheet