Culver Corporation was organized on January 1, 2022. It is authorized to issue 22,800 shares of 6%, $50 par value preferred stock and 468,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year. Jan. 10 Mar. 1 Issued 74.000 shares of common stock for cash at $6 per share. Issued 1 280 shares of preferred stock for cash at $54 per share, Issued 119,000 shares of common stock for cash at $5 per share. May 1 Sept. 1 Issued 5,800 shares of common stock for cash at $4 per share. Nov. 1 Issued 3,800 shares of preferred stock for cash at $60 per share. Pald-in-Capital + PIC in Excess of Stated Value Com + Common Stock Pref. Stock $ $ i i I. 1 Paid-in-Capital Value + Pref. Stock PIC in Excess of Par Value Pref. Revenue $ $ i $ 43F