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On January 1, 2022, Marin Inc. had these stockholders' equity balances. Common Stock, $1 par (2,300,000 shares authorized, 590,000 shares issued and outstanding) $590,000 Paid-in
On January 1, 2022, Marin Inc. had these stockholders' equity balances. Common Stock, $1 par (2,300,000 shares authorized, 590,000 shares issued and outstanding) $590,000 Paid-in Capital in Excess of Par Value 1,550,000 Retained Earnings 697,000 Accumulated Other Comprehensive Income 49,000 During 2022, the following transactions and events occurred. 1. Issued 52,000 shares of $1 par value common stock for $3 per share. 2. Issued 61,000 shares of common stock for cash at $6 per share. 3. Purchased 22,400 shares of common stock for the treasury at $3.20 per share. 4. Declared and paid a cash dividend of $157,000. 5. Earned net income of $442,500. 6. Had other comprehensive income of $15,400. Prepare the stockholders' equity section of the balance sheet at December 31, 2022. MARIN INC. Partial Balance Sheet $
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