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Please answer according to the blanks in the question. Thanks! On January 1, 2022, Larkspur, Inc. had these stockholders' equity balances. Common Stock. $1 par
Please answer according to the blanks in the question. Thanks!
On January 1, 2022, Larkspur, Inc. had these stockholders' equity balances. Common Stock. $1 par (2,200,000 shares authorized, 615,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings Accumulated Other Comprehensive Income $615,000 1,550,000 702,000 48,000 During 2022, the following transactions and events occurred. 1. Issued 55,000 shares of $1 par value common stock for $5 per share. 2. Issued 57,000 shares of common stock for cash at $4 per share. 3. Purchased 23,100 shares of common stock for the treasury at $3.75 per share. 4. Declared and paid a cash dividend of $166,500. 5. Earned net income of $379,000. 6. Had other comprehensive income of $15,200. Prepare the stockholders' equity section of the balance sheet at December 31, 2022. LARKSPUR, INC. Partial Balance Sheet
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