Current Attempt in Progress Ayayai Corp. was organized on January 1, 2022. 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.