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Current Attempt in Progress The following is a summary of all relevant transactions of Flint Corporation since it was organized in 2020. In 2020, 15,500
Current Attempt in Progress The following is a summary of all relevant transactions of Flint Corporation since it was organized in 2020. In 2020, 15,500 shares were authorized and 6,300 shares of common stock ($ 60 par value) were issued at a price of $ 67. In 2021, 1,000 shares were issued as a stock dividend when the stock was selling for $ 70. 330 shares of common stock were bought in 2022 at a cost of $ 74 per share. These 330 shares are still in the company treasury. In 2021, 10,300 preferred shares were authorized and the company issued 4.900 of them ($ 100 par value) at $ 111. Some of the preferred stock was reacquired by the company and later reissued for $4,580 more than it cost the company, The corporation has earned a total of $ 625,600 in net income after income taxes and paid out a total of $ 291,800 in cash dividends since incorporation Prepare the stockholders' equity section of the balance sheet in proper form for Flint Corporation as of December 31, 2022. Account for treasury stock using the cost method. (Enter account name only. Do not provide descriptive information.) FLINT CORPORATION Stockholders' Equity December 31, 2022
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