A. At January 1, 2022, Ingles Corp. had 10,000,000 shares of common stock issued and 738,000 shares held in treasury. On

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A.
At January 1, 2022, Ingles Corp. had 10,000,000 shares of commonstock issued and 738,000 shares held in treasury.
On April 1, Ingles sells 228,000 of the shares from thetreasury.
On December 1, Ingles declares a 3-for-1 stock split.
How many common shares are outstanding at December 31, 2022?
B.
Ayton Company issued 10,000 shares of its $2.00 par value commonstock having a fair value of $33.00 per share and 2,000 shares ofits $100.00 par value preferred stock having a fair value of$110.00 per share for a lump sum of $520,000. The entry to recordthis transaction will include a credit to Paid-in-Capital in Excessof Par - Common for
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