Current Attempt in Progress The stockholders' equity accounts of Ayayai Corp. on January 1, 2022, were as follows, Preferred Stock (7%, $100 par noncumulative. 5,000 shares authorized) $300,000 Common Stock ($4 stated value, 300,000 shares authorized) 1,000,000 Paid-in Capital in Excess of Par Value-Preferred Stock 15.000 Paid-in Capital in Excess of Stated Value-Common Stock 480,000 Retained Earnings 691,500 Treasury Stock (5,000 common shares) 40,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders equity. Issued 5,000 shares of common stock for $35,000 Purchased 1,000 additional shares of common treasury stock at $8 per share. Declared a 7% cash dividend on preferred stock, payable November 1. Paid the dividend declared on October 1. Declared a $0.55 per share cash dividend to common stockholders of record on December 15, payable December 31.2022. Paid the dividend declared on December 1 Feb 1 Mar. 20 Oct. 1 Nov. 1 Dec 1 Dec 31 (a) (b) uestion 1 of 1 - / 10 (a) (b) Prepare a tabular summary that includes the January 1, 2022, balances. Do not include the beginning balance in Retaine Record the 2022 transactions in the tabular summary b) Include margin explanations for the changes in revenues and expenses. (Round answers to decimal places, eg: 5,275. Ifa transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholde Paid-in-Capital PIC in Excess of Stated Value Com PIC in Excess of Par Value Pref. Pref. Stock Treasury Stock $ $ $ $ ORI uestion 1 of 1 - /10 E (a) (b) al ( Prepare a tabular summary that includes the January 1, 2022. balances. Do not include the beginning balance in Retaine Record the 2022 transactions in the tabular Summary Include margin explanations for the changes in revenues and expenses. (Round answers to decimal places, eg. 5,275. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Retained Earnings Revenue Expense Dividend $ $ O y that includes the January 1, 2022, balances. Do not include the beginning balance in Retaine ons in the tabular summary changes in revenues and expenses. (Round answers to decimal places, eg. 5,275. Ifa its Libilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount ity or Equity item that was reduced.) Retained Earnings Dividend Paid-in-capital in excess of common stock Common stock Dividends Interest expense Paid-in-capital in excess of preferred stock Preferred stock w X
