On January 1, 2022, Sheridan Corporation had the following stockholders' equity accounts. Common Stock ($22 par value, 60,500 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $1,331,000 197,000 556,000 During the year, the following transactions occurred. Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1 Feb. 1 Mar 1 Apr. 1 Paid the dividend declared in February July 1 Announced a 2-for-1 stock split. Prior to the split, the market price per share was $39. Declared a 10% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $14 per share. Issued the shares for the stock dividend. 31 Dec. 1 Declared a 50.40 per share dividend to stockholders of record on December 15, payable January 5, 2023 31 Determined that net income for the year was $354,000 Enter the beginning balances, and post the entries to the stockholders' equity accounts. (Note: Open additional stockholders equity accounts as needed.) (Post entries in the order of joumal entries presented in the previous part) Common Stock Date Explanation Ref Debit Jul 21 Balance v July 31 Common Stock Dividends Distributable Date July 21 July 1 Credit Explanation Ref Debit Credit 123100 Paid-in Capital in Excess of Par-Common Stock Balance 14 122100 135 132100 Date Explanation Ref Juvi Balance July 1 Debit Credit 197000 36300 197000 38300 Retained Earnings Date Explanation Ref Debit Credit Dec. 21 Dalance 100 Oec. 31 V Not income 112740 Stuck V 330000 dividend Dec 21 Cash avidend 234000 Cash Dividends Balance Balance Balance Date Dec. 21 Explanation Ref Debit Balance Dec. 31 Net Income Stock dividend Cash Dec. 31 dividend Cash Dividends Date Explanation Ref Debit Fab 1 Obs. 1 Dec. 31 Stock Dividends Date July 1 844 33 169400 113740 60300 32240 Explanation Refi Debit 10400 Credit Balance Credit Credit 556000 354000 113740 169400 Balance Balance Prepare a stockholders' equity section at December 31. Enter account name only and do not provide descriptive information SHERIDAN CORPORATION Balance Sheet (Partial) December 31, 2022 Common Stock 1444100 Paid-in Capital in Excess of Par-Common Stock 233300 Retained Earnings Total Stenalders Squrey) 426060 426860 2334240