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The balance sheet of Harris Hats, Inc. included the following shacholders' equity accounts December 31, 2021 Paldin Capital Preferred stock. 510 par 10% 20,000 shares

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The balance sheet of Harris Hats, Inc. included the following shacholders' equity accounts December 31, 2021 Paldin Capital Preferred stock. 510 par 10% 20,000 shares wuthorized 50.000 shares issued and outstanding $500,000 Common Stock. Si pur, 3.000.000 shares authorized. 565.000 565.000 shares issued APIC.PS 5.600.000 JAPIC-CS 5,096,000 Total Paid in Capital S11.761.000 Retained Emin 8.750,900 Treasury stock. 5.000 shares at cost -95.000 Total Shareholders' Equity $20.416.900 During 2022, the following events and transactions occurred: On February 2nd, the board of directors declared a property dividend of 100,000 shares of Dawson Corporation common stock that Harris had purchased in January as an investment with a cost basis of S775.000. The investment shares had a fair value of S10 per share and were distributed February 28" to shareholders of record February 15, On March 15, a +-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 S1 par common stock was $22 per share. On Julys, a common stock dividend was declared and distributed. The market value of the common stock was $21 per share. On December 1", the board of directors declared the annual cash dividend of 10% on the 50,000 preferred shares, payable on December 28" to shareholders of record December 20" On December 1, the board of directors declared a cash dividend of S0.40 per share on its common shares, payable on December 28" to shareholders of record December 20* On December 29 the company reacquired 10,000 shares of common stock at a price of $11 per share Net income for the year was $9.999,000 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, (Please show your work. You are not required to prepare the journal entries, but if that helps you please submit the journal entries and or scratch work accounts for partial credit)

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