Marigold Corporation was organized on January 1, 2025. It is authorized to issue 11,000 shares of 8%, $100 par value preferred stock, and 535,600 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 Apr. Sept. 1 Nov. May Aug. 1 1 Issued 80,370 shares of common stock for cash at $8 per share. Issued 11,000 shares of common stock to attorneys in payment of their bill of $54,600 for services rendered in helping the company organize. Issued 11,000 shares of common stock for cash at $10 per share. 1 Issued 1,100 shares of preferred stock for cash at $115 per share. Issued 80,370 shares of common stock for cash at $6 per share. Issued 5,570 shares of preferred stock for cash at $110 per share. Issued 24,250 shares of common stock for land. The asking price of the land was $91,730; the fair value of the land was $80,370. 1

Marigold Corporation was organized on January 1, 2025, It is authorized to issue 11,000 shares of 8%,5100 parvalue preferred stock, and 535,600 shares of no-par common stock with astated value of $1 per share. The following stock transactions were completed during the first year. Jan. 10 Issued 80,370 shares of common stock for cashat $6 per share. Mar. 1 Issued 5.570 shares of preferred stock for cash at $110 per share. Apr: 1 Issued 24,250 shares of common stock for land. The asking price of the land was 591,730 , the fair value of the land was $80,370. May 1 issued 80,370 shares of common stock for cashat $8 per share. Aug. 1 Issued 11,000 shares of common stock to attorneys in payment of their bill of $54,600 for services rendered in helping the company organize. Sept. 1 Issued 11.000 shares of common stock for cash at $10 per share. Nov. 1 Issued 1,100 shares of preferred stock for cash at $115 per share