Question 5 of 7 View Policies Current Attempt in Progress The stockholders' equity accounts of Waterway Industries on January 1, 2022, were as follows. Preferred Stock (8%, $100 par noncumulative, 5,000 shares authorized) $525,000 Common Stock ($10 stated value, 800,000 shares authorized) 1,540,000 Paid-in Capital in Excess of Par Value-Preferred Stock 58,000 Paid-in Capital in Excess of Stated Value-Common Stock 800,000 Retained Earnings 750,000 Treasury Stock (8,400 common shares) 67,200 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity Mar 1 Issued 6.600 shares of common stock for $85 per share. June 22 Purchased 1,100 additional shares of common treasury stock at $11 per share. Sept. 1 Declared a 8% cash dividend on preferred stock, payable October 1. -/10