Pinson Corporation was organized on January 1, 2010.

Pinson Corporation was organized on January 1, 2010. It is authorized to issue 24,100 shares of 6%, $50 par value preferred stock and 502,200 shares of no-par common stock with a stated value of $1 per share. The following stock transactions were completed during the first year.Jan. 10Issued 81,800 shares of common stock for cash at $5 per share.Mar. 1Issued 12,700 shares of preferred stock for cash at $57 per share.May 1Issued 124,400 shares of common stock for cash at $7 per share.Sept. 1Issued 6,100 shares of common stock for cash at $10 per share.Nov. 1Issued 4,000 shares of preferred stock for cash at $54 per share.