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Question 5 View Policies Current Attempt in Progress On January 1, 2022, Metlock, Inc. had these stockholders' equity balances. Common Stock $1 par (2.400.000 shares
Question 5 View Policies Current Attempt in Progress On January 1, 2022, Metlock, Inc. had these stockholders' equity balances. Common Stock $1 par (2.400.000 shares authorized, 675,000 shares issued and outstanding) $675.000 Paid-in Capital in Excess of Par Value 1.540.000 Retained Earnings 680,000 Accumulated Other Comprehensive Income 57.000 During 2022, the following transactions and events occurred. 1. Issued 47.500 shares of $1 par value common stock for $4 per share. 2. Issued 59.500 shares of common stock for cash at $3 per share. 3. Purchased 17,200 shares of common stock for the treasury at $4.00 per share. 4. Declared and paid a cash dividend of $196,000. 5. Earned net income of $358,500. 6. Had other comprehensive income of $17.800. Prepare the stockholders' equity section of the balance sheet at December 31, 2022. METLOCK, INC. Partial Balance Sheet December 31, 2022 Stockholders' Equity Paid-in Capital Common Stock Additional Paid-in Capital Paid-In Capital in Excess of Par Value-Common Stock Total Paid-in Capital Retained Earnings Total Pald-in Capital and Retained Earnings Y Accumulated Other Comprehensive Income Less : Treasury Stock Total Stockholders' Equity
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