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On January 1, 2022, Shamrock, Inc. had these stockholders' equity balances. Common Stock $1 par (2,600,000 shares authorized, 670,000 shares issued and outstanding) Paid-in Capital

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On January 1, 2022, Shamrock, Inc. had these stockholders' equity balances. Common Stock $1 par (2,600,000 shares authorized, 670,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings Accumulated Other Comprehensive Income $670,000 1.450,000 680,000 51.000 During 2022, the following transactions and events occurred. 1. Issued 46 500 shares of $1 par value common stock for $4 per share. Issued 55,000 shares of common stock for cash at $3 per share. 3. Purchased 17,900 shares of common stock for the treasury at $3.45 per share. Declared and paid a cash dividend of $122,500 Earned net income of $415,500 Had other comprehensive income of $16,000. CON 4. 5. 6. Prepare the stockholders equity section of the balance sheet at December 31, 2022. Partial Balance Sheet 'December 31, 2022 Stockholders' Equity Paid in Capital Common Stock 771500 Additional Paid-in Capital 1699500 Paid in Capital in Excess of Par Value-Common Stock 2471000 Total Paid-in Capital 973000 Retained Earnings Total Paid-in Capital and Retained Earnings 3444000 Accumulated Other Comprehensive Income Less Treasury Stock Pald-in Capital 771500 Common Stock Additional Paid-in Capital 1699500 Paid-in Capital in Excess of Par Value-Common Stock 2471000 Total Paid-in Capital 973000 Retained Earnings Total Paid-in Capital and Retained Earnings 3444000 Accumulated Other Comprehensive Income Less Treasury Stock $ Total Stockholders' Equity

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