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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 1. 2. During 2022, the following transactions and events occurred. 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. 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. 3. 5. 6. Prepare the stockholders' equity section of the balance sheet at December 31, 2022. SHAMROCK, INC. Partial Balance Sheet December 31, 2022 Stockholders' Equity Paid-in Capital Common Stock 771500 Additional Paid-in Capital

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