Metlock, Inc.

Balance Sheet $($Partial$)$

For the Year Ended December $31,2022$

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List of AccountsCurrent Attempt in Progress

Metlock, Inc. was organized on January $1,2022.$ It is authorized to issue $15,000$ shares of $8\%,$$$100$ par value preferred stock,

and $549,000$ shares of no$-$par common stock with a stated value of $$3$ per share. The following stock transactions were completed

during the first year.

Jan. $10$ Issued $75,500$ shares of common stock for cash at $$6$ per share.

Mar. $1$ Issued $5,950$ shares of preferred stock for cash at $$110$ per share.

Apr. $1$ Issued $24,500$ shares of common stock for land. The asking price of the land was $$93,000.$ The fair value of the land

was $$83,000.$

May $1$ Issued $80,000$ shares of common stock for cash at $$4\mathrm{.}25$ per share.

Aug. $1$ Issued $10,000$ shares of common stock to attorneys in payment of their bill of $$45,000$ for services performed in

helping the company organize.

Sept. $1$ Issued $10,500$ shares of common stock for cash at $$7$ per share.

Nov. $1$ Issued $2,500$ shares of preferred stock for cash at $$114$ per share. Prepare the paid$-$in capital section of stockholders$$ equity at December $31,2022.($Enter the account name only and do not provide the descriptive information provided in the question.$)$