The balance sheet of Harris Hats, Inc., included the following shareholders' equity accounts at December 31, 2021: Paid in Capital: Preferred stock, $100 par, 8%, 100,000 shares authorized, $4,500,000 45,000 shares issued and outstanding Common Stock, $2 par, 2,000,000 shares authorized, 1,300,000 650,000 shares issued APIC-PS 1,125,000 APIC-CS 6,500,000 Total Paid in Capital $13,425,000 Retained Earnings 22,478,500 Treasury stock, 7,500 shares at cost -112,500 Total Shareholders' Equity $35,791,000 During 2022, the following events and transactions occurred: . . On February 2nd, the board of directors declared a property dividend of 50,000 shares of Dawson Corporation common stock that Harris had purchased in January as an investment with a cost basis of $225,000. The investment shares had a fair value of $10 per share and were distributed February 28th to shareholders of record February 15th On March 15th, a 3-for-1 stock split was declared and distributed. The stock split was effected in the form of a stock dividend. The market value of the $2 par common stock was $18 per share. On July 5th, a 10% common stock dividend was declared and distributed. The market value of the common stock was $24 per share. On December 1st, the board of directors declared the annual cash dividend of 8% on the 45,000 preferred shares, payable on December 28th to shareholders of record December 20th On December 1st, the board of directors declared a cash dividend of $0.55 per share on its common shares, payable on December 28th to shareholders of record December 20th On December 29th, the company reacquired 10,000 shares of common stock at a price of $16 . . . . per share. . Net income for the year was $1,257,000. Prepare the shareholders' equity section of the balance sheet for Harris Hats, Inc, at December 31, 2022 in good form. Make sure to appropriate title and order the information