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Bennett Company had the following transactions during 2021, its first year in business: January 2 Issued 46,000 shares of $10 par common stock for

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Bennett Company had the following transactions during 2021, its first year in business: January 2 Issued 46,000 shares of $10 par common stock for $25 per share. 3 Issued 10,000 shares of $40 par preferred stock for $70 per share. Purchased 2,500 shares of treasury stock for $47 per share. April October 6 December 9 Reissued 190 shares of treasury stock for $50 per share. In addition, Bennett Company had $266,000 of net income for the year and, during the year, declared and distributed a cash dividend of $65,500. Required: Prepare the stockholders' equity section of the December 31, 2021, balance sheet. Note: In the final answer, use "Additional Paid-in Capital" to combine all the additional Paid-In Capital accounts. Bennett Company Stockholders' Equity December 31 (Choose one) Total Stockholders' Equity

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