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Monty Corp. reported the following balances at December 31, 2021: common stock $397,000, paid-in Capital in Excess of Par- common stock $110,000, and retained earnings
Monty Corp. reported the following balances at December 31, 2021: common stock $397,000, paid-in Capital in Excess of Par- common stock $110,000, and retained earnings $241,000. During 2022, the following transactions affected stockholders' equity. 1. 2. Issued preferred stock with a par value of $121,500 for $197,000. Purchased treasury stock (common) for $43,500. Earned net income of $145,000. Declared and paid cash dividends of $51,000. 3. 4. Prepare the stockholders' equity section of Monty Corp.'s December 31, 2022, balance sheet. Paid-in Capital Capital Stock Total Additional Paid-in Capital Paid-in Capital in Excess of Par-bdCommon Stock $ Retained Earnings $ $ tock $ $ Additional Paid-in Capital Capital Stock Current Assets Current Liabilities Intangible Assets Long-term Investments Long-term Liabilities Paid-in Capital Property, plant and Equipment Stockholders' Equity Total Additional Paid-in Capital Total Assets Total Capital Stock Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Paid-in Capital Total Paid-in Capital and Retained Earnings Total Property, Plant and Equipment 5) 5
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