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following information is available for the ABC Corporation on December 31, 2022: PreferredStock,$100parvalue,50,000sharesauthorized,10,000sharesissuedPaid-in-capitalinexcessofpar-PreferredStockCommonStock,$10parvalue,100,000sharesauthorized,50,000sharesissuedPaid-in-capitalinexcessofpar-CommonStockTreasuryStock,7,000sharespurchasedfor$10pershareRetainedEarnings$100,00050,000500,000100,00070,000220,000 INSTRUCTIONS: Prepare the Stockholders' Equity section of the Balance Sheet on December,

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following information is available for the ABC Corporation on December 31, 2022: PreferredStock,$100parvalue,50,000sharesauthorized,10,000sharesissuedPaid-in-capitalinexcessofpar-PreferredStockCommonStock,$10parvalue,100,000sharesauthorized,50,000sharesissuedPaid-in-capitalinexcessofpar-CommonStockTreasuryStock,7,000sharespurchasedfor$10pershareRetainedEarnings$100,00050,000500,000100,00070,000220,000 INSTRUCTIONS: Prepare the Stockholders' Equity section of the Balance Sheet on December, 31, 2022 in proper form

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