Metlock, Inc. has been authorized to Issue 20,000 shares of $100 par valve, 10%, noncumulative preferred Stock of no par common stock. The corporation assigned a $250 stated value to the common stock At December 31, 2022, the ledger contained the following post-closing balances pertaining to stockholders equity. $120.000 21.500 925.000 1,628,000 Preferred Stock Paid in Capital in Excess of Par-Preferred Stock Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Treasury Stock (1.000 common shares) Paid-in Capital from Treasury Stock Retained Earnings 11.000 1.500 B3,000 All preferred stock was issued for and having a fair value of 5141,500. All common stock issued was for cash. In November, 1.500 shares of common stock were purchased for the treasury at a per share cost of $11. In December 500 shares of treasury stock were sold for 514 per share. No dividends were declared in 2022 Prepare the stockholders' equity section at December 31, 2022. (Enter the account name only and do not provide the descriptive information provided in the question) Metlock, Inc. Balance Sheet (Partial) December 31, 2022 Paid-in Capital Capital Stock . $ -3.66 Less Treasury Stock 4 eTextbook and Media List of Accounts Attempts: 0 of 1 used Submit Answer Save for Later