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On December 31, 2021, Blossom Company had 1,390,000 shares of $7 par common stock issued and outstanding. At December 31, 2021, stockholders equity had the

On December 31, 2021, Blossom Company had 1,390,000 shares of $7 par common stock issued and outstanding. At December 31, 2021, stockholders equity had the amounts listed here.

Common Stock $9,730,000
Additional Paid-in Capital 1,740,000
Retained Earnings 1,225,000

Transactions during 2022 and other information related to stockholders equity accounts were as follows.

1. On January 10, issued at $113 per share 127,000 shares of $104 par value, 8% cumulative preferred stock.
2. On February 8, reacquired 15,600 shares of its common stock for $14 per share.
3. On May 9, declared the yearly cash dividend on preferred stock, payable June 10, to stockholders of record on May 31.
4. On June 8, declared a cash dividend of $1.20 per share on the common stock outstanding, payable on July 10, to stockholders of record on July 1.
5.

Net income for 2022 was $3,612,000.

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Prepare the stockholders' equity section of Blossoms' balance sheet at December 31, 2022. BLOSSOM COMPANY Partial Balance Sheet December 31, 2022 Stockholders' Equity Paid-in Capital Capital Stock Common Stock $ Preferred Stock Total Capital Stock Additional Paid-in Capital Paid-in Capital in Excess of Par Value-Common Stock Paid-in Capital in Excess of Par Value-Preferred Stock Total Additional Paid-in Capital Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings V Less V: Treasury Stock Total Stockholders' Equity

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