In January 1, 2022, Sage Hill Inc. had these stockholders equity balances.

Common Stock, $1 par (2,500,000 shares authorized, 660,000 shares issued and outstanding)

$660,000

Paid-in Capital in Excess of Par Value

1,440,000

Retained Earnings

681,000

Accumulated Other Comprehensive Income

47,000

During 2022, the following transactions and events occurred.

1.

Issued 46,500 shares of $1 par value common stock for $2 per share.

2.

Issued 60,000 shares of common stock for cash at $6 per share.

3.

Purchased 22,200 shares of common stock for the treasury at $3.90 per share.

4.

Declared and paid a cash dividend of $165,000.

5.

Earned net income of $366,000.

6.

Had other comprehensive income of $18,000.

Prepare the stockholders equity section of the balance sheet at December 31, 2022.

Prepare the stockholders' equity section of the balance sheet at December 31, 2022. SAGE HILL INC. Partial Balance Sheet Click if you would like to Show Work for this