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CALCULATOR On January 1, 2022, Larkspur, Inc. had these stockholders' equity balances. Common Stock, $1 par (2,200,000 shares authorized, 645,000 shares issued and outstanding) $545,000

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CALCULATOR On January 1, 2022, Larkspur, Inc. had these stockholders' equity balances. Common Stock, $1 par (2,200,000 shares authorized, 645,000 shares issued and outstanding) $545,000 Paid-in Capital in Excess of Par Value Retained Earnings 1,420,000 Accumulated Other Comprehensive Income 708,000 63,000 During 2022, the following transactions and events occurred. 1. Issued 48,500 shares of $1 par value common stock for $3 per share. 2. Issued 57,500 shares of common stock for cash at $5 per share. 3. Purchased 15,600 shares of common stock for the treasury at $3.25 per share. 4. Declared and paid a cash dividend of $137,500. 5. Earned net income of $357,000. 6. Had other comprehensive income of $19,600. Prepare the stockholders' equity section of the balance sheet at December 31, 2022. at December 31, 2022. LARKSPUR, INC. Partial Balance Sheet I

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