Bramble Corporation has been authorized to issue $20,000$ shares of $$100$ par value, $10\%,$ preferred stock and $1,004,400$ shares of nopar common stock. The corporation assigned a $$2\mathrm{.}70$ stated value to the common stock. At December $31,2022,$ the ledger contained

the following balances pertaining to stockholders$$ equity.

Preferred Stock $$120,000$

Paid$-$in Capital in Excess of Par$$Preferred Stock $24,500$

Common Stock $1,004,400$

Paid$-$in Capital in Excess of Stated Value$$Common Stock $1,599,600$

Treasury Stock $(960$ common shares$)10,560$

Paid$-$in Capital from Treasury Stock $1,440$

Retained Earnings $84,500$

The preferred stock was issued for land having a fair value of $$144,500.$ All common stock issued was for cash. In

November, $1,440$ shares of common stock were purchased for the treasury at a per share cost of $$11.$ In December, $480$ shares of

treasury stock were sold for $$14$ per share. No dividends were declared in $2022.$ Prepare the stockholders equity section at December $31.$ Current Attempt in Progress

Bramble Corporation has been authorized to issue $20,000$ shares of $$100$ par value, $10\%,$ preferred stock and $1,004,400$ shares of no$-$

par common stock. The corporation assigned a $$2\mathrm{.}70$ stated value to the common stock. At December $31,2022,$ the ledger contained

the following balances pertaining to stockholders' equity.

Preferred Stock

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

Common Stock

Paid$-$in Capital in Excess of Stated Value$-$Common Stock

Treasury Stock $(960$ common shares$)$

Paid$-$in Capital from Treasury Stock

Retained Earnings

The preferred stock was issued for land having a fair value of $$144,500.$ All common stock issued was for cash. In

November, $1,440$ shares of common stock were purchased for the treasury at a per share cost of $$11.$ In December, $480$ shares of

treasury stock were sold for $$14$ per share. No dividends were declared in $2022.($b$)$ Prepare the stockholders equity section at December $31,2022.$