Item 2: The following stockholders equity accounts, arranged alphabetically, are in the ledger of Entity M Corporation at Decmeber 31, 2022.

Prepare the Stockholders Equity section of the Balance sheet in good form at December 31, 2022. Be sure to indicate how many shares are authorized, issued, and outstanding fir each class of stock.

Item 2: The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Entity M Corporation at December 31, 2022. Common Stock ($5 stated value, 2,000,000 shares authorized, 560,000 shares issued and ? shares outstanding )..... $2,800,000 Paid-in Capital in Excess of Par Value-Preferred Stock.. 45,000 Paid-in Capital in Excess of Stated Value-Common Stock. ..... 1,050,000 Preferred Stock (8%, $100 par, noncumulative, 20,000 shares authorized, 10,000 shares issued and outstanding)......... 1,000,000 Retained Earnings .... 1,005,000 Treasury Stock (10,000 common shares at cost) 98,000 Instructions: Prepare the stockholders' equity section of the balance sheet in good form at December 31, 2022. Be sure to indicate how many shares are authorized, issued, and outstanding for each class of stock