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Bramble Corporation has been authorized to issue 2 0 , 5 0 0 shares of $ 1 0 0 par value, 1 0 % ,

Bramble Corporation has been authorized to issue 20,500 shares of $100 par value, 10%, preferred stock and 1,025,000 shares of no-par common stock. The corporation assigned a $2.50 stated value to the common stock. At December 31,2022, the ledger contained the following balances pertaining to stockholders' equity.Preferred Stock$115,000Paid-in Capital in Excess of Par-Preferred Stock28,000Common Stock1,025,000Paid-in Capital in Excess of Stated Value-Common Stock2,255,000Treasury Stock (940 common shares)11,280Paid-in Capital from Treasury Stock1,410Retained Earnings81,500The preferred stock was issued for land having a fair value of $143,000. All common stock issued was for cash. In November, 1,410 shares of common stock were purchased for the treasury at a per share cost of $12. In December, 470 shares of treasury stock were sold for $15 per share. No dividends were declared in 2022.Prepare the stockholders equity section at december 312022.

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