Dridgeport Corp, was organized on January 1, 2017. It is authorized to issue 20,500 shares of 7%, 53 par value preferred stock and 453,000 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 Issued 65,500 shares of common stock for cash at $4 per share Marssued 1,130 shares of preferred stock for cash at $56 per share. May ssued 111,500 shares of common stock for cash at S5 per share Sept. 1 ssued 4,300 shares of common stock for cash at $7 per share Nov. 1 ssued 2,3DD shares of preferred stock for cash at $58 per share tkah atss