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please prepare the stockholders equity section of the balance sheet at december 31, 2022. Common Stock, $1 par (2,000,000 shares authorized, 590,000 shares issued and
please prepare the stockholders equity section of the balance sheet at december 31, 2022.
Common Stock, $1 par (2,000,000 shares authorized, 590,000 shares issued and outstanding) $590,000 Paid-in Capital in Excess of Par Value 1,450,000 Retained Earnings 688,000 Accumulated Other Comprehensive Income 57,000 During 2022, the following transactions and events occurred. 1. Issued 55,000 shares of $1 par value common stock for $3 per share. 2. Issued 63,500 shares of common stock for cash at $6 per share. 3. Purchased 17,500 shares of common stock for the treasury at $3.00 per share. 4. Declared and paid a cash dividend of $217,000. 5. Earned net income of $430,000. 6. Had other comprehensive income of $19,000. Prepare the stockholders' equity section of the balance sheet at December 31, 2022 Step by Step Solution
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