On January 1, 2022, Monty Corp. had the following stockholders' equity balances. Common Stock (535,000 shares issued) Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Retained Earnings 2. During 2022, the following transactions and events occurred. 3. 1. Issued 80,250 shares of $3 par value common stock as a result of 15% stock dividend declared on December 15, 2021. Issued 32,500 shares of common stock for cash at $5 per share. Purchased 27,000 shares of common stock for the treasury at $6 per share. Declared and paid a cash dividend of $110,000. Sold 8,400 shares of treasury stock for cash at $6 per share. Earned net income of $345,000. 4. $1,605,000 486,000 5. 240,750 6. 607,000 Prepare a stockholders' equity statement for the year. (If an amount reduces the account balance then enter with negative sign preced the number e.g. -45 or parentheses e.g. (45).)

On January 1, 2022, Monty Corp. had the following stockholders' equity balances. During 2022, the following transactions and events occurred. 1. Issued 80,250 shares of $3 par value common stock as a result of 15% stock dividend declared on December 15,2021 . 2. Issued 32,500 shares of common stock for cash at $5 per share. 3. Purchased 27,000 shares of common stock for the treasury at $6 per share. 4. Declared and paid a cash dividend of $110.000. 5. Sold 8,400 shares of treasury stock for cash at $6 per share. 6. Earned net income of $345,000. Prepare a stockholders' equity statement for the year. (If an amount reduces the account balance then enter with negative sign prece the number e.g. -45 or parentheses eg. (45).)