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Need help with the Cash and Stock Dividends for the statement of retained earnings! All the information I have is included below: Notes: -Bought back

Need help with the Cash and Stock Dividends for the statement of retained earnings!

All the information I have is included below:image text in transcribedimage text in transcribed

Notes:

-Bought back 18,000 shares of stock for $13 per share.

- Issued 10,000 shares of restricted stock to its CFO. The stock has a fair value of $160,000. The service period related to this restricted stock is 6 years. Vesting occurs if the CFO stays with the company for 6 years. The par value of the stock is $1.

-Issued 50,000 shares of common stock at $17.50 per share

-Sold 12,500 shares of Treasury Stock for $15 per share.

-Declared dividends of $350,000 on December 31.

-Issued 35,000 shares of common stock, $1 par, for $700,000 on June 30, 2021.

-Market price per share of stock at 12/31/2021 was $18.75.

Income Statement Cr CR Dr. DR 3,310,788.00 1,756,720.00 35,134.40 14,000.00 1,500.00 Acct 100 101 102 103 104 105 106 107 110 111 120 121 122 123 124 125 126 127 128 12 933,104,10 43,750.00 5,016,00 483,800.00 5,200.00 1,135,000.00 3,000,000.00 346,154.08 850,000.00 183,300.00 Adjusted Trial Balance December 31, 2021 Description Cash Accounts Recelvable Allowance for Doubtful Accounts Short-term Investments Fair Value Adjustment-ST Inventory Prepaid Insurance Supplies Available-for-sale Investments Fair Value Adjustment-AFS Land Building Accumulated Depreciation-Building Machinery Accumulated Depreciation Machinery Equipment Accumulated Depreciation Equipment Truck Accumulated Depreciation Truck Right-of-use Asset Patents Accounts Payable Salaries Payable Utilities Payable Payroll Taxes Payable Interest Payable Dividends Payable Note Payable-short term Income Tax Payable Lease Liability Note Payable-long term Bond Payable Discount on Bond Payable Bal. Sheet Stmt. Own. Equity Dr. Cr 3,310,788.00 1.756.720.00 35,134.40 14,000.00 1.500.00 933, 104.10 43,750.00 5,018.00 483,800.00 5,200.00 1,135,000.00 3,000,000.00 346,154.08 850,000.00 183,300.00 650,000.00 203,923.85 56,500.00 48,166.56 500,000.00 55,000.00 358,598.10 1,722,000.00 9,000.00 33,990.00 50 750.00 350,000.00 150,000.00 190.247.00 417.250.00 454,500.00 2.500,000.00 128,224.00 650,000.00 203,923.85 56,500.00 48,166.56 130 500,000.00 55,000.00 175 201 202 203 204 205 206 207 208 220 221 225 226 358,598.10 1,722,000.00 9,000.00 33,990.00 50,750.00 350,000.00 150,000.00 190,247.00 417,250.00 454,500.00 2,500,000.00 128,224.00 295,000.00 4,463,193.00 695,590.00 295,000.00 4.463,193.00 695,590.00 5,200.00 5,200.00 157.777.78 71,500.00 157.777.78 71.500.00 25,000.00 8,186,460.00 25,000.00 8,186.460.00 Common Stock, $1 par, $1M shares authorized; 235,000 shares issued and 301 outstanding 302 APIC Common Stock 303 Retained Earnings 304 Unrealized Gains (Losses) Equity 305 Unearned Compensation 306 Treasury Stock 307 APIC Treasury Stock 401 Sales 500 Cost of Goods Sold 600 Compensation Expense 601 Salaries Expense 602 Bad Dept Expense . 605 Payroll Tax Expense 606 Advertising Expense 607 Insurance Expense 608 Supplies Expense 609 Depreciation Expense 610 Amortization Expense 611 --- Utilities Expense 612 Miscellaneous Expenses 614 Interest Expense 615 Income Tax Expense 617 Realized Gains (Losses) 620 Unrealized Gains/Losses) Income Totals 4,550,000.00 2,222.22 2,045,000.00 23,734.40 88,990.00 125,000.00 121,250.00 22,989.00 277,679.48 5,000.00 9,000.00 9,300.00 126,165.00 164,247.00 4.550,000.00 2.222.22 2.045,000.00 23,734.40 88.990.00 125,000.00 121.250.00 22.989.00 76700 277 679.48 5,000.00 9,000.00 9.300.00 126 165.00 164 247.00 3,500.00 3.500.00 1,500.00 20.728,456.98 20.728,456.98 1,500.00 7,572,077.11 (617,882.89) 8,189,960.00 13,156,379.88 12,538.498.98 617,882.89 1,045,590 -617,883 2 Statement of Retained Earnings 3 For the year ended Dec 31, 2021 4 Beginning Balance: Retained Earnings 5 Add: Net Income (Loss) 6 Less: Cash Dividends 7 Less: Stock Dividends 8 Ending Retained Earnings 9 10 11

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