The stockholders' equity accounts of Ayayai Corp. on January 1, 2022 were as follows. Preferred Stock (7%, $100 par noncumulative, 12,000 shares authorized) Common Stock ($4 stated value, 720,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (12.000 common shares) $720,000 2.400.000 36,000 1.152,000 1,651,200 96,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb 1 Mars 20 Oct 1 Nov. 1 Dec 1 Dec 31 issued 12,000 shares of common stock for $72,000. Purchased 2.400 additional shares of common treasury stock at $7 per share. Declared a 7% cash dividend on preferred stock payable November 1, Paid the dividend declared on October 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15. payable December 31 Determined that net income for the year was $672.000 Paid the dividend declared on December 1 The stockholders' equity accounts of Ayayai Corp. on January 1, 2022 were as follows. Preferred Stock (7%, $100 par noncumulative, 12,000 shares authorized) Common Stock ($4 stated value, 720,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (12.000 common shares) $720,000 2.400.000 36,000 1.152,000 1,651,200 96,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb 1 Mars 20 Oct 1 Nov. 1 Dec 1 Dec 31 issued 12,000 shares of common stock for $72,000. Purchased 2.400 additional shares of common treasury stock at $7 per share. Declared a 7% cash dividend on preferred stock payable November 1, Paid the dividend declared on October 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15. payable December 31 Determined that net income for the year was $672.000 Paid the dividend declared on December 1