Grouper Corp. was organized on January 1, 2022. It is authorized to issue 22,000 shares of 6%, $53 par value preferred stock and 456,000 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 68,000 shares of common stock for cash at $6 per share. Issued 1,160 shares of preferred stock for cash at $56 per share. Issued 113,000 shares of common stock for cash at $7 per share. Issued 4,600 shares of common stock for cash at $4 per share. Issued 2,600 shares of preferred stock for cash at $57 per share.