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On January 1, 2022. Pharoah Inc. had the following stockholders' equity balances. Duriceg 2022, the following transactions and events occurred 1. Issued 70,000 shares of

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On January 1, 2022. Pharoah Inc. had the following stockholders' equity balances. Duriceg 2022, the following transactions and events occurred 1. Issued 70,000 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15,2023 2. Issued 35,000 shares of common stock for cash at $4 per share. 3. Purchased 21,000 shares of common stock tor the treasury at 35 per share. 4. Declared and paid a cash dividend of 5111.000 5. Sold 8,000 shares of treasury stoch for cash at 55 per share. 6. Earned net income of $370.000 Prepare a stockholders' equity statement for the year. (If an amount reduces the occount bolance then enter with nesative sign preceding the number eg. -45 or parentheses es. (45)

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