On January 1, 2022, Blossom Company had the following stockholders' equity balances. Common Stock (520,000 shares issued) $1,560,000 Paid-in Capital in Excess of Par-Common Stock 474,000 Common Stock Dividends Distributable 156,000 Retained Earnings 610,000 During 2022, the following transactions and events occurred. 1. Issued 52,000 shares of $3 par value common stock as a result of 10% stock dividend declared on December 15, 2021. 2. Issued 28,500 shares of common stock for cash at $6 per share. 3. Purchased 26,500 shares of common stock for the treasury at $7 per share. 4. Declared and paid a cash dividend of $103,000. 5. Sold 8,600 shares of treasury stock for cash at $7 per share. 6. Earned net income of $354,000. Balances, Jan. 1 Issued 52,000 share for stock dividend Issued 28,500 shares for cash Purchased 26,500 shares of treasury stock Declared cash dividend Sold 8,600 shares of treasury stock Net income for year $ Common Stock $ Paid-in Capital in Excess of Par- Common Stock Blossom Company Stockholders' Equity Statement Common Stock Dividends Distributable $ $ Treasury Stock Retained Earnings $ Total Balances, Dec. 31 $ $ $ $ $ $