Current Attempt in Progress On January 1, 2022. Wildhorse Co. had the following stockholders'equity balances. Common Stock (535,000 shares issued) Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Retained Earnings $1,605,000 528,000 240,750 601,000 During 2022, the following transactions and events occurred. 1 2. 3. Issued 80,250 shares of $3 par value common stock as a result of 15% stock dividend declared on December 15, 2021. Issued 33,500 shares of common stock for cash at $6 per share. Purchased 21,500 shares of common stock for the treasury at $7 per share. Declared and paid a cash dividend of $105.000. Sold 8,500 shares of treasury stock for cash at $7 per share. Earned net income of $375,000. 4. 5. 6. Prepare a stockholders' equity statement for the year. (If an amount reduces the account balance then enter with negative sign preceding the number c.8. -45 or parentheses es (451) Wildhorse Co. Stockholders' Equity Statem Pald-in Capital in Excess of Par- Common Stock Common Stock Dividends Distributable Common Stock Balances, Jan. 1 Issued 80.290 share for stock dividend issued 33,500 shares for cash Purchased 21.500 shares of treasury stock reach dividend 71 ITE Paid-in Capital in Excess of Par- Common Stock Common Stock Common Stock Dividends Distributable Balances, Jan. 1 $ Issued 80,250 share for stock dividend Issued 33,500 shares for cash Purchased 21.500 shares of treasury stock Declared cash dividend Sold 8.500 shares of treasury stock Net income for year Balances, Dec. 31 $ $ HE Search for anything o Paid-in Capital in Excess of Par- Common Stock Common Stock Dividends Distributable Treasury Stock Retained Earnings $ $ Treasury Stock Retained Earnings Total $ $ $