23 Liz Company had the following equity accounts on January 1, 2022 Common Stock (El pee) 1,500,000, Paid-in Capital in Excess of Par 1,500,000, and Retained Earings 600,000. In 2022, the company had the following transactions. par-value common stock at 66 per share. March 21 Issued 100,000 shares of 1 April 28 Purchased 20,000 shares at 7 per share. July 7 Declared and paid cash dividends of 0.2 per share. Oct. 13 Sold 4,800 shares of treasury stock at 9 per share. Dec. 24 Sold 9,000 shares of treasury stock at 15 per share. Liz uses the cost method of accounting for treasury shares. In 2022, the company reported net income of 360,000 and total expense of 540,000 (1 ()thejnal entries inquired by Lin July 7, 2012 unal entries sequined by Lion Dec24222 the balance of Paid-in Capital infimes of Paron December 31, 2002 80) Dethel of Try Stink on December 31, 2002. (5) Dethebellence of Retained Earnings in Dece31,2002