Bridgeport Corporation is authorized to issue 24.000 shares of $50 par value, 10% preferred stock and 120,000 shares of $5 par value common stock. On January 1, 2022, the ledger contained the following stockholders' equity balances. $600,000 66,000 Preferred Stock (12,000 shares) Paid-in Capital in Excess of Par-Preferred Stock Common Stock (61,000 shares) Paid-in Capital in Excess of Par-Common Stock Retained Earnings 305,000 720,000 350,000 During 2022, the following transactions occurred. Feb. 1 a Mar. 1 Issued 2,200 shares of preferred stock for land having a fair value of $122,000. Issued 1.300 shares of preferred stock for cash at $70 per share. Issued 16,000 shares of common stock for cash at $8 per share. Issued 450 shares of preferred stock for a patent. The asking price of the patent was $32,000. Market price for the July 1 Sept. 1 vo formativos VANHAN dotacilla Dec. 1 preferred stock was $69 and the fair value for the patent was indeterminable. Issued 8,500 shares of common stock for cash at $8.50 per share. Net income for the year was $264,000. No dividends were declared. Dec. 31 (b) Enter the beginning balances in the accounts, and post the journal entries to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part) Preferred Stock Common Stock > Paid-in Capital in Excess of Par-Preferred Stock C Paid-in Capital in Excess of Par-Common Stock > Retained Earnings (c) Prepare a stockholders' equity section at December 31, 2022. (Enter the account name only and do not provide the descriptive information provided in the question.) BRIDGEPORT CORPORATION Balance Sheet (Partial) December 31, 2022 Stockholders Equity Paid-in Capital Capital Stock Preferred Stock