Pina Colada Corp. has been authorized to issue 21,000 shares of $100 par value, 10%, noncumulative preferred stock. and 1,109,700 shares of no-par common stock. The corporation assigned a $2.70 stated value to the common stock. At December 31 . 2022, the ledger contained the following post-closing balances pertaining to stockholders' equity. All preferred stock was issued for land having a fair value of $143,500. All common stock issued was for cash. In November, 1,440 shares of common stock were purchased for the treasury at a per share cost of $13. In December, 480 shares of treasury stock were sold for $16 per share. No dividends were declared in 2022. ditional Paid-in Capital Said-in Capital in Excess of Stated Value-Common Stock $1828950 Preferred Stock \begin{tabular}{|r|} \hline 120000 \\ \hline 1109700 \\ \hline \end{tabular} Common Stock id-in Capital al Paid-in Capital tained arnings al Paid-in Capital and Retained Earnings * 5 Treasury Stock: al Stockholders' Equity eTexthook and Media