View Policies Current Attempt in Progress Marigold Corp. was organized on January 1, 2022. It is authorized to issue 22,500 shares of 7%, $51 par value preferred stock and 457,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year. Jan. 10 Mar. 1 May 1 Sept. 1 Nov. 1 Issued 68,500 shares of common stock for cash at $5 per share. Issued 1,170 shares of preferred stock for cash at $54 per share. Issued 113,500 shares of common stock for cash at $7 per share. Issued 4,700 shares of common stock for cash at $8 per share. Issued 2,700 shares of preferred stock for cash at $55 per share.