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Problem 11-03A On December 31, 2021, Blossom Company had 1,250,000 shares of $5 par common stock issued and outstanding. At December 31, 2021, stockholders' equity had the amounts listed here. Common Stock Additional Paid-in Capital Retained Earnings S6,250,000 1,710,000 1,100,000 Transactions during 2022 and other information related to stockholders' equity accounts were as follows. 1. On January 10, issued at $105 per share 110,000 shares of $100 par value, 7% cumulative preferred stock. 2. On February 8, reacquired 10,000 shares of its common stock for $10 per share. 3. On May 9, declared the yearly cash dividend on preferred stock, payable June 10, to stockholders of record on May 31. 4. On June 8, declared a cash dividend of $1.00 per share on the common stock outstanding, payable on July 10, to stockholders of record on July 1. 5. Net income for 2022 was $3,510,000. Your answer is partially correct. Try again. Prepare the stockholders' equity section of Blossoms' balance sheet at December 31, 2022. BLOSSOM COMPANY Partial Balance Sheet December 31, 2022 Stockholders' Equity Paid-in Capital Capital Stock Common Stock Preferred Stock 1 Total Capital Stock Additional Paid-in Capital 6250000 111000000 17250000 T Paid-in Capital in Excess of Par Value-Comm 171000 550000 T Paid in Capital in Excess of Par Value-Preferi 2260000 T 1 Total Additional Paid-in Capital Total Paid-in Capital 19510000 Retained Earnings | 4573680 T Total Paid-in Capital and Retained Earnings 24083680 1 Less Treasury Stock 100000 Stockholders' Equity Click if you would like to Show Work for this question: Open Show Work