Ayayal Corp. was organized on January 1, 2017. It is authorized to issue 19,000 shares of 5%, $50 par value preferred stock and 450,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. Jan. 10 Mar. 1 May 1 Sept. 1 Nov. 1 Issued 65,000 shares of common stock for cash at $4 per share. Issued 1,100 shares of preferred stock for cash at $54 per share. Issued 110,000 shares of common stock for cash at $5 per share. Issued 4,000 shares of common stock for cash at $4 per share. Issued 2,000 shares of preferred stock for cash at $54 per share. Journalize the transactions. (If a transaction causes a decrease in Assets, Liabilities 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 + Stockholders' Equity Paid-in-Capital PIC in Excess of Par Value + Pref. Stock + P PIC in Excess of Par Value Com. Pref. Retained Earnings Cash = Common Stock + Revenue - Expense - Dividend Jan. 10 Mar. 1 May 1 Sept. 1 Nov. 1 Total Prepare the paid-in capital portion of the stockholders' equity section at December 31, 2017. AYAYAI CORP. Partial Balance Sheet $ $