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Bramble Corporation had the following stockholders' equity accounts on January 1, 2022: Common Stock ($4 par) $400,000, Paid-in Capital in Excess of Par-Common Stock
Bramble Corporation had the following stockholders' equity accounts on January 1, 2022: Common Stock ($4 par) $400,000, Paid-in Capital in Excess of Par-Common Stock $210,000, and Retained Earnings $110,000. In 2022, the company had the following treasury stock transactions. Mar. 1 Purchased 7,000 shares at $9 per share. June 1 Sept. 1 Sold 1,500 shares at $13 per share. Sold 1,500 shares at $11 per share. Dec. 1 Sold 1,500 shares at $6 per share. Bramble Corporation uses the cost method of accounting for treasury stock. In 2022, the company reported net income of $28,000. Prepare the stockholders' equity section for Bramble Corporation at December 31, 2022. (Enter the account name only and do not provide the descriptive information provided in the question) BRAMBLE CORPORATION Balance Sheet (Partial)
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