Ayayai Corporation had the following stockholders' equity accounts on January 1, 2022: Common Stock (...

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imageimageimageimageimageimage Ayayai Corporation had the following stockholders' equity accounts on January 1, 2022: Common Stock ( $4 par) $400,000, Paid-in Capital in Excess of Par-Common Stock $175,000, and Retained Earnings $100,000. In 2022, the company had the following treasury stock transactions. Mar. 1 Purchased 5,500 shares at $8 per share. June 1 Sold 1,000 shares at \$12 per share. Sept. 1 Sold 1,000 shares at $10 per share. Dec. 1 Sold 1,000 shares at $6 per share. Ayayai Corporation uses the cost method of accounting for treasury stock. In 2022, the company reported net income of $25,000. Open accounts for Paid-in Capital from Treasury Stock, Treasury Stock, and Retained Earnings. (Post entries in the order of journal entries presented in the previous part.) Sept. 1 V 8000 Dec. 1 8000 Bal. 44000 Retained Earnings 100000 Sept. 1 100000 Dec. 31 25000 Bal. 125000 Your answer is partially correct. Prepare the stockholders' equity section for Ayayai Corporation at December 31, 2022. (Enter the account name only and do not provide the descriptive information provided in the question.) Common Stock Additional Paid-in Capital Paid-in Capital in Excess of Par-Common Stock $175000 $ Paid-in Capital from Treasury Stock Total Capital Stock Total Additional Paid-in Capital Retained Earnings Total Additional Paid-in Cabital Less : Treasury Stock Total Stockholders' Equity $ tal in Excess of Par-Common Stock tal from Treasury Stock \begin{tabular}{|l|l|} \hline \hline al Stock & \\ \hline \hline \end{tabular} onal Paid-in Capital rnings onal Paid-in Canital Treasury Stock $ 175000 4000

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