Current Attempt in Prozress

The ledser of Blue Sprues Corp. at December $31,2025,$ after the books have besen closed, contains the following stoctholders' equity accounts.

A revisw of the accounting resords revals this information:

Preferred stock is $894,$$$100$ par valus, nonsumulative. Since January $1,2024,10,100$ shares have been outstandine $20,200$ shares ars authorized,

Common stock is no$-$par with a stated value of $$7$ per share $592,000$ shares ars authorized.

The January $1,2025,$ balanse in Retained Earnings was $$2,271,000.$

On October $1,58,000$ shares of comman stock wers sold for cash at $$8$ par share.

A cash dividend of $$391,000$ was declared and properly allocated to preferred and common stock on November $1.$ No dividends wers paid to preferred stockholders in $2024.$

Net income for the year was $$830,000.$

On Decamber $31,2025,$ tha directors authorized disclosurs of a $$151,000$ restriction of ratainad earnings for plant exparsion. $($Use Note A$.)$

$($a$)$

Reproduce the Retainad Earninses account for the year.

Llst of Accounts

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Using multiple attempts will impact your score

$20\%$ score reduction after attempt $2$

$($b$)$

The parts of this question must be completed in order. This part will be avail able whan you complete the part above.