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Please help! Flint Corporation had the following stockholders' equity accounts on January 1, 2022: Common Stock ( $4 par) $440,000, Paid-in Capital in Excess of
Please help!
Flint Corporation had the following stockholders' equity accounts on January 1, 2022: Common Stock ( $4 par) $440,000, Paid-in Capital in Excess of Par-Common Stock $210,000, and Retained Earnings $100,000, in 2022, the company had the following treasury stock transactions, Mar. 1 Purchased 5.500 shares at $9 per share. June 1 Sold 1,000 shares at $13 per share. Sept. 1 Sold 2,000 shares at $10 per share. Dec. 1 Sold 1,500 shares at $7 pershare. Flint Corporation uses the cost method of accounting for treasury stock. In 2022 , the company reported net income of $34,000. Your answer is partially correct. Prepare the stockholders' equity section for Flint Corporation at December 31.2022 (Enter the occount name only and do not provide the descriptive information provided in the question.)
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