Pina Colada Corporation is authorized to issue 22,000 shares of $ 50 par value, 10% preferred stock and 120,000 shares of $5 par value common stock On January 1, 2022, the ledger contained the following stockholders' equity balances. $ 600,000 71,000 Preferred Stock ( 12,000 shares) Paid-in Capital in Excess of Par-Preferred Stock Common Stock ( 66,000 shares) Paid-in Capital in Excess of Par-Common Stock Retained Earnings 330,000 740,000 270,000 During 2022, the following transactions occurred. Feb. 1 Mar. 1 July 1 Issued 1,900 shares of preferred stock for land having a fair value of $ 120,000. Issued 1,000 shares of preferred stock for cash at $ 70 per share. Issued 15,500 shares of common stock for cash at $ 8 per share. Issued 350 shares of preferred stock for a patent. The asking price of the patent was $ 32,000. Market price for the preferred stock was $ 71 and the fair value for the patent was indeterminable. Issued 7.750 shares of common stock for cash at $ 8.50 per share. Sept. 1 Dec. 1 Dec. 31 Net income for the year was $257,000. No dividends were declared. Enter the beginning holes in the cand post there to the stockholders'uty accounts. Posteries in the order of ournal entreprened in the previous part Preferred Stock > Common Stock > > Pald-in Capital in Excess of Par-Preferred Stock > > Paid-in Capital in Excess of Par-Common Stock > > > > Retained Earnings Textbook and Media Itt (c) Prepare a stockholders' equity section at December 31, 2022. (Enter the account name only and do not provide the descriptive Information provided in the question) PINA COLADA CORPORATION Balance Sheet (Partial) December 31, 2022 > > LO e Textbook and Media List of Accounts Save for Later Last saved 1 seconda Attempts:0 of 2 used Submit