$($a$)$

Your answer is partially correct.

Reproduce the Retained Earnings account for $2022.($List items in order presented in the problem.$)$

Retained Earnings

Sept. $1$ Prior Per. Adj. $$ Jan. $1$ Balance

$$

$$ Dec. $31$ Net Income

$$

$q,$ Dec. $31$ Balance

$$ Dec. $31$ Balance $$Prepare a stockholders' equity section at December $31,2022.($Enter account name only and do not provide descriptive information.$)$

CARLA VISTA CORPORATION Partial Balance Sheet

December $31,2022$

Stockholders' Equity

Paid$-$in Capital

Preferred Stock

Commonstock

Common Stock Dividends Distributable

$$

$$

Paid$-$in Capital in Excess of Par$-$Preferred Stock

Paid$-$in Capital in Excess of Par$-$Common Stock

$$

$$

$$Total Paid$-$in Capital

Retained Earnings

Total Stockholders' Equity

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$($c$)$

x Your answer is incorrect.

Compute the allocation of the cash dividend to preferred and common stock.

Allocation of the cash dividend to preferred stock

Allocation of the cash dividend to common stock

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