k Yuzu HLAGE Question 9 of 12 < > The stockholders equity accounts of Sunland Company on January 1, 2022, were as follows Preferred Stock (10%, $100 par noncumulative. 5,000 shares authorized) $420,000 Common Stock ($10 stated value. 800.000 shares authorized) 1.580.000 Paid-in Capital in Excess of Par Value-Preferred Stock 53.000 Paid-in Capital in Excess of Stated Value-Common Stock 940,000 Retained Earnings 790,000 Treasury Stock (8.700 common shares) 69.600 -/32 During 2022, the corporation had the following transactions and events pertaining to its stockholders equity Mar 1 Issued 6,800 shares of common stock for $90 per share June 22 Purchased 1,100 additional shares of common treasury stock at $11 per share Sept. 3 Declared a 10% cash dividend on preferred stock, payable October 1 Oct 1 Dec 1 31 Paid the dividend declared on September 1. Dedared a $0.70 per share cash dividend to common stockholders of record on December 15, payable December 31, 2022 Determined that net income for the year was $117.000 Paid the dividend declared on December 1 * " @ 2 RO g " # 93 M S 54 " % 85 E R 32 g= 00 A