On January 1, 2022, Kingbird, Inc. had these stockholders' equity balances. Common Stock, $1 par (2,100,000 shares authorized, 620,000 shares issued and outstanding) $620,000 Paid-in Capital in Excess of Par Value 1,440,000 Retained Earnings 680,000 Accumulated Other Comprehensive Income 55,000 During 2022, the following transactions and events occurred. Issued 52,500 shares of $1 par value common stock for $2 per share. 1. Issued 59,500 shares of common stock for cash at $6 per share. 2. Purchased 23,500 shares of common stock for the treasury at $3.60 per share Declared and paid a cash dividend of $214,00O 3. 4. Earned net income of $387,000. 5. Had other comprehensive income of $17,200 6. Prepare the stockholders' equity section of the balance sheet at December 31, 2022. KINGBIRD, INC. Partial Balance Sheet $ $ On January 1, 2022, Kingbird, Inc. had these stockholders' equity balances. Common Stock, $1 par (2,100,000 shares authorized, 620,000 shares issued and outstanding) $620,000 Paid-in Capital in Excess of Par Value 1,440,000 Retained Earnings 680,000 Accumulated Other Comprehensive Income 55,000 During 2022, the following transactions and events occurred. Issued 52,500 shares of $1 par value common stock for $2 per share. 1. Issued 59,500 shares of common stock for cash at $6 per share. 2. Purchased 23,500 shares of common stock for the treasury at $3.60 per share Declared and paid a cash dividend of $214,00O 3. 4. Earned net income of $387,000. 5. Had other comprehensive income of $17,200 6. Prepare the stockholders' equity section of the balance sheet at December 31, 2022. KINGBIRD, INC. Partial Balance Sheet $ $