Problem 8-3 Ayayai Corp. was organized on January 1, 2017, It is authorized to issue 20,200 shares of 6%, $50 par value preferred stock and 472,000 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year. an. 10 Issued 65,600 shares of common stock for cash at $6 per share. Mar Issued 1,165 shares of preferred stock for cash at $57 per share May 1 Issued 121,000 shares of common stock for cash at $6 per share Sept. Issued 6,200 shares of common stock for cash at $7 per share Nov. 1 Issued 4,200 shares of preferred stock for cash at $56 per share Prepare a tabular summary to record the transactions. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities+ Stockholders' Equity Paid-in-Capital Retained Earnings PIC in Excess of PIC in Excess + of Par Value+ Pref + Common+Stated Value+ Stock Pref. Stock Cash Com Revenue Expense Dividend Jan. 10 Mar. 1 May 1 Sept. 1 Nov. 1 Total SHOW LIST OF ACCOUNTS Prepare the paid-in capital portion of the stockholders' equity section at December 31, 2017. AYAYAI CORP Partial Balance Sheet SHOW LIST OF ACCOUNTS