Prepare Equity section of Balance sheet at 12/31/2xx2

$s Shares 20,000 Data set ABC reported for 2XX1 Common stock at par $ 100,000 Additial paid in capital : Common $ 500,000 Perferred stock $ 200,000 Retained earnings $ 650,000 5,000 $ 7.00 perferred dividend per share For 2xx2 ABC recorded Net Income $ 320,000 Issue more common shares on 1/1 Common stock at par $ 50,000 Additial paid in capital : Common $ 300,000 Paid Dividends to common and preferred totaling $ 185,000 Bought shares from market (Treasury Stock] 10,000 New shares New shares 3,000 $55 paid per share $5 par To Do a. Prepare Equity section of Balance sheet at 12/31/2xx2