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On January 1, 2022, Larkspur, Inc. had these stockholders equity balances. Common Stock, $1 par (2,200,000 shares authorized, 675,000 shares issued and outstanding) $675,000 Paid-in

On January 1, 2022, Larkspur, Inc. had these stockholders equity balances. Common Stock, $1 par (2,200,000 shares authorized, 675,000 shares issued and outstanding) $675,000 Paid-in Capital in Excess of Par Value 1,440,000 Retained Earnings 703,000 Accumulated Other Comprehensive Income 47,000 During 2022, the following transactions and events occurred. 1. Issued 47,500 shares of $1 par value common stock for $4 per share. 2. Issued 57,000 shares of common stock for cash at $6 per share. 3. Purchased 22,100 shares of common stock for the treasury at $3.40 per share. 4. Declared and paid a cash dividend of $113,000. 5. Earned net income of $407,000. 6. Had other comprehensive income of $17,400. Prepare the stockholders equity section of the balance sheet at December 31, 2022.

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