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Item 2: The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Entity M Corporation at December 31, 2022. $2,800,000 45,000 1,050,000 Common
Item 2: The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Entity M Corporation at December 31, 2022. $2,800,000 45,000 1,050,000 Common Stock ($5 stated value, 2,000,000 shares authorized, 560,000 shares issued and ? shares outstanding ). Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value Common Stock. Preferred Stock (8%, $100 par, noncumulative, 20,000 shares authorized, 10,000 shares issued and outstanding). Retained Earnings Treasury Stock (10,000 common shares at cost) 1,000,000 1,005,000 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
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