On December 31, 2021, Jons Company had 1,300,000 shares of $5 par common stock issued and outstanding. At December 31, 2021, stockholders' equity had the amounts listed here.

Prepare a stockholders' equity section.

Common Stock		$6,500,000
Additional Paid-in Capital		1,800,000
Retained Earnings		1,200,000

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

• 1. On January 10, issued at $107 per share 120,000 shares of $100 par value, 9% cumulative preferred stock.
• 2. On February 8, reacquired 15,000 shares of its common stock for $11 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 $3,600,000.

Instructions

a. Record the journal entries that are required for items 15 above.

Tot. stockholders' equity

$23,153,000

b. Prepare the stockholders' equity section of Jons' balance sheet at December 31, 2022.

All I need you to do is complete the Stockholder's Equity section (Partial Balance Sheet) Thank you.