On January 1, 2022, Ivanhoe Inc had the following stockholders' equity balances, $970.000 520,000 Common Stock (485,000 shares issued) Paid-in Capital in Excess of Par Common Stock Common Stock Dividends Distributable Retained Earnings 230,000 540,000 2 During 2022, the following transactions and events occurred. 1. Issued 115,000 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15, 2023. Issued 57,500 shares of common stock for cash at SA per share. Purchased 32,000 shares of common stock for the treasury at $5 per share. Declared and paid a cash dividend of $117,000 Sold 5.000 shares of treasury stock for cash at $5 per share. Earned net income of $375,000 3 4 5. 6. Prepare a stockholders' equity statement for the year. (If an amount reduces the account balance then enter with negative sign preceding the number eg.-45 or parentheses es. (451) Ivanhoe Inc. Stockholders' Equity Statement For the Year Ending December 31, 2022 (in thousands, except shares) Pald-in Capital in Excess of Par Common Stock Common Stock Dividends Distributable Common Stock Treasur Stock Balances Jan. 1 $ 970.000 $ 520.000 230.000 Issued 115,000 share for stock dividend 230,000 -230,000 issued 57,500 shares for cash 115.000 115,000 Purchased 32.000 shares of treasury stock 1. 11.11 Declared cash dividend 11 Sold 5.000 shares of treasury stock Net income for year Balances De $ 1315.000 635.000