Whispering Winds Corp. was organized on January 1, 2022. It is authorized to issue 21,800 shares of 7%, $51 par value preferred stock and 466,000 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 1 Sept. Nov. 1 Issued 73,000 shares of common stock for cash at $6 per share. Issued 1,260 shares of preferred stock for cash at $56 per share. Issued 118,000 shares of common stock for cash at $6 per share. Issued 5,600 shares of common stock for cash at $7 per share. Issued 3,600 shares of preferred stock for cash at $54 per share.