On May 1, Toy Co Corporation incorporated and authorized 210,000 preferred shares and an unlimited number of common shares. On May 2, Toy Co issued 1,800 common shares for $16 per share. On June 15, it issued an additional 1,000 common shares for $18 per share. On November 1, Toy Co issued 200 preferred shares for $30 per share. On December 15, it issued an additional 200 preferred shares for $38 per share