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3 Micrx se Stud X WP y c The X S lear Inva X Log x X Vital X Eyplus.com/courses/40052/assignments/4253982?module item id = 13451846 0 Vital X Coux + Current Attempt in Progress s Ons The ledger of Marigold Corp. at December 31, 2022, after the books have been closed, contains the following stockholders' equity accounts. Support Preferred Stock (10,700 shares issued) Common Stock (297,000 shares issued) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings $1,080,700 1,782,000 140,000 1.570,000 2,765.000 A review of the accounting records reveals this information: 1. Preferred stock is 8%, $101 par value, noncumulative. Since January 1, 2021, 10,700 shares have been outstanding: 21.400 shares are authorized 2. Common stock is no-par with a stated value of $6 per share: 594,000 shares are authorised. 3. The January 1, 2022, balance in Retained Earnings was $2.277,000. 4. On October 1, 64,000 shares of common stock were sold for cash at $9 per share. 5 A cash dividend of $397,000 was declared and properly allocated to preferred and common stock on November 1. No dividends were paid to preferred stockholders in 2021. 6 Net income for the year was $885,000 7. On December 31, 2022. the directors authorized disclosure of a $157,000 restriction of retained earnings for plant expansion (Use Note A) (a) Your answer is partially correct. Reproduce the Retained Earnings account for the year. Retained Earnings 6. Net income for the year was $885,000. 7. On December 31, 2022, the directors authorized disclosure of a $157,000 restriction of retained earnings for plant expansion. (Use Note A.) (a) Your answer is partially correct. Reproduce the Retained Earnings account for the year. Retained Earnings Dec. 31 157000 Dec. 31 Balance 2765000 Dec. 31 2380300 Jan. 1 Balance 227700 Attempts: 1 of 3 used Submit Answer Save for Later (b) The parts of this question must be completed in order. This part will be available when you complete the part above. 11:31 5/21/20 e to search O Si 3 Micrx se Stud X WP y c The X S lear Inva X Log x X Vital X Eyplus.com/courses/40052/assignments/4253982?module item id = 13451846 0 Vital X Coux + Current Attempt in Progress s Ons The ledger of Marigold Corp. at December 31, 2022, after the books have been closed, contains the following stockholders' equity accounts. Support Preferred Stock (10,700 shares issued) Common Stock (297,000 shares issued) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings $1,080,700 1,782,000 140,000 1.570,000 2,765.000 A review of the accounting records reveals this information: 1. Preferred stock is 8%, $101 par value, noncumulative. Since January 1, 2021, 10,700 shares have been outstanding: 21.400 shares are authorized 2. Common stock is no-par with a stated value of $6 per share: 594,000 shares are authorised. 3. The January 1, 2022, balance in Retained Earnings was $2.277,000. 4. On October 1, 64,000 shares of common stock were sold for cash at $9 per share. 5 A cash dividend of $397,000 was declared and properly allocated to preferred and common stock on November 1. No dividends were paid to preferred stockholders in 2021. 6 Net income for the year was $885,000 7. On December 31, 2022. the directors authorized disclosure of a $157,000 restriction of retained earnings for plant expansion (Use Note A) (a) Your answer is partially correct. Reproduce the Retained Earnings account for the year. Retained Earnings 6. Net income for the year was $885,000. 7. On December 31, 2022, the directors authorized disclosure of a $157,000 restriction of retained earnings for plant expansion. (Use Note A.) (a) Your answer is partially correct. Reproduce the Retained Earnings account for the year. Retained Earnings Dec. 31 157000 Dec. 31 Balance 2765000 Dec. 31 2380300 Jan. 1 Balance 227700 Attempts: 1 of 3 used Submit Answer Save for Later (b) The parts of this question must be completed in order. This part will be available when you complete the part above. 11:31 5/21/20 e to search O Si