Tho partners who own Joy Rafts Co. wished to avoid the unlimited personal liabilty of the partnership form of busicess, to they incorporated as Joy Rafts, Inc. The charter from the state of Calfornia authorizes the comporation to issue 150.000 shares of $12 par common stock in its first month, Joy Rafts, Ine, compleied the following transeclons (1) (Cick the loon to view the transactons.) fiead the reguirements More info Requireme Requirements 1. Pecoed the trantiactons in the pourtal 2. Prepare the stockholders' equty section of the Joy Plats, inc, balance sheet at Jaryary 31, 2022. The ending balance of Retained Eamings is 150,000