prepare a stockholders equity section at dec 31,2022. including the disclosure of the preferred dividends in arrears.

The stockholders' equity accounts of Sheridan Company on January 1, 2022, were as follows. During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 26,000 shares of common stock for $118,000. Apr. 14 Sold 5,800 shares of treasury stock-common for $34,000. Sept. 3 Issued 5,100 shares of common stock for a patent valued at $35,400. Nov. 10 Purchased 1,100 shares of common stock for the treasury at a cost of $6,200. Dec. 31 Determined that net income for the year was $425,000. No dividends were declared during the year. Prepare a stockholders' equity section at December 31, 2022, including the disclosure of the preferred dividends in arrears. (Enter