On January 1, 2022, Oriole Company had the following stockholders' equity balances. Common Stock (409,000 shares issued) $818,000 462,000 Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Retained Earnings 122,700 601,000 During 2022, the following transactions and events occurred. 1. 2. 3. Issued 61,350 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15, 2021. Issued 33,000 shares of common stock for cash at $7 per share. Purchased 25,500 shares of common stock for the treasury at $8 per share. Declared and paid a cash dividend of $108,000. Sold 8,100 shares of treasury stock for cash at $8 per share. Earned net income of $312,000. 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 e.g. -45 or parentheses e.g. (45).) Prepare a stockholders' equity statement for the year. (If an amount reduces the account balance then enter with negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Oriole Company Stockholders' Equity Stateme For the Year Ending December 31, 202 Paid-in Capital in Excess of Par- Common Stock Common Stock Common Stock Dividends Distributable Balances, Jan. 1 $ $ $ $ $ Issued 61,350 share for stock dividend Issued 33,000 shares for cash Purchased 25,500 shares of treasury stock Declared cash dividend Sold 8,100 shares of treasury stock Net income for year Balances, Dec. 31 $ $ $ Prepare a stockholders' equity statement for the year. (If an amount reduces the account balance then enter with negative sign preceding the number e.g. -45 or parentheses eg. (45).) Oriole Company ckholders' Equity Statement Year Ending December 31, 2022 V Common Stock Dividends Distributable Treasury Stock Retained Earnings Total $ $ $