On January 1, 2022, Pharoah Inc. had the following stockholders' equity balances.

Common Stock (585,000 shares issued)	$1,170,000
Paid-in Capital in Excess of Par-Common Stock	520,000
Common Stock Dividends Distributable	150,000
Retained Earnings	680,000

During 2022, the following transactions and events occurred.

1.		Issued 75,000 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15, 2023.
2.		Issued 37,500 shares of common stock for cash at $4 per share.
3.		Purchased 23,000 shares of common stock for the treasury at $5 per share.
4.		Declared and paid a cash dividend of $110,000.
5.		Sold 7,000 shares of treasury stock for cash at $5 per share.
6.		Earned net income of $385,000.

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).)

Pharoah Inc. Stockholders' Equity Statement choose the accounting period December 31, 2022For the Year Ending December 31, 2022For the Month Ending December 31, 2022 (in thousands, except shares)
	Common Stock		Paid-in Capital in Excess of Par - Common Stock		Common Stock Dividends Distributable		Treasury Stock		Retained Earnings		Total
Balances, Jan. 1	$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
Issued 75,000 share for stock dividend	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
Issued 37,500 shares for cash	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
Purchased 23,000 shares of treasury stock	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
Declared cash dividend	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
Sold 7,000 shares of treasury stock	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
Net income for year	enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
Balances, Dec. 31	$enter a total amount		$enter a total amount		$enter a total amount		$enter a total amount		$enter a total amount		$enter a total amount