Question 3 of 3

Question 3 of 3 View Policies Current Attempt in Progress The stockholders' equity accounts of Blossom Company on January l. 2022. were as follows. PreferredStock (9K g 100 par noncumulative, 5.0(X) shares authorized) "75.000 Common Stock 10 stated value. 800000 shares authorized) Paid-in Capital in Excess of par ValuePreferred Stock Paid" in Capital in Excess of Stated Value Common Stock Retained Earnings Treasury (8300 unmon shares) 1,560.000 56.000 020.000 760.000 66.400 During 2022. thc corporation had the following transactions and events pertaining to its stockholders' equity. Mar June Sept Oct, Dec. 22 31 Issued shares of common stock for $85 per share. Purchased t additicna' shares ot common treastry stock t S 1 per share. Declared a 9B cash dividend on preferred stock. payable October I. Paid the dividend declared on September.l. Declad a $0.60 per share cash dividend to common stockholders of record on December 15, payable Decernber 31.2022 Determined that net incoine for the year $123,000. Paid the dividend declared On December I.