Question 9 of 10 The post-closing trial balance of Ivanhoe Corporation at December 31, 2022, contains the following stockholders' equity accounts. Preferred Stock (15,000 shares issued) $750,000 Common Stock (243,000 shares issued) 2,430,000 Paid-in Capital in Excess of Par-Preferred Stock 243,000 Paid-in Capital in Excess of Par-Common Stock 409,000 Common Stock Dividends Distributable 243,000 Retained Earnings 982,560 A review of the accounting records reveals the following. No errors have been made in recording 2022 transactions or in preparing the closing entry for net income. Preferred stock is $50 par, 6%, and cumulative; 15,000 shares have been outstanding since January 1, 2021. Authorized stock is 20,000 shares of preferred, 486,000 shares of common with a $10 par value. 1. 2. 3. 4. The January 1 balance in Retained Earnings was $1,150,000. 5. On July 1, 18,800 shares of common stock were issued for cash at $18 per share.