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The following is a summary of all relevant transactions of Sage Corporation since it was organized in 2020. In 2020, 15,300 shares were authorized and

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The following is a summary of all relevant transactions of Sage Corporation since it was organized in 2020. In 2020, 15,300 shares were authorized and 6,900 shares of common stock ($60 par value) were issued at a price of $67. In 2021, 900 shares were issued as a stock dividend when the stock was selling for $70.290 shares of common stock were bought in 2022 at a cost of $74 per share. These 290 shares are still in the company treasury. In 2021,9,500 preferred shares were authorized and the company issued 4,700 of them ($100 par value) at $123. Some of the preferred stock was reacquired by the company and later reissued for $4,420 more than it cost the company. The corporation has earned a total of $573,900 in net income after income taxes and paid out a total of $281,500 in cash dividends since incorporation Prepare the stockholders' equity section of the balance sheet in proper form for Sage Corporation as of December 31, 2022. Account for treasury stock using the cost method (Enter account name only. Do not provide descriptive information.) SAGE CORPORATION Stockholders' Equity $ $ $ Assistance Used List of Accounts Bonds Payable Buildings Cash Common Stock Common Stock Dividend Distributable Debt Investments Dividends Payable Discount on Bonds Payable Equipment Equity Investments Income Summary Land Legal Fees Expense No Entry Land Legal Fees Expense No Entry Organization Expense Paid-in Capital from Treasury Stock Paid-in Capital in Excess of Par - Common Stock Paid-in Capital in Excess of Par - Preferred Stock Paid-in Capital in Excess of Stated Value - Common Stock Preferred Stock Property Dividends Payable Retained Earnings Retained Earnings Appropriated for Plant Expansion Share Capital-Ordinary Share Capital-Preference Share Premium-Conversion Equity Share Premium Ordinary Paid-in Capital in Excess of Par. Preferred Stock Paid-in Capital in Excess of Stated Value - Common Stock Preferred Stock Property Dividends Payable Retained Earnings Retained Earnings Appropriated for Plant Expansion Share Capital-Ordinary Share Capital-Preference Share Premium-Conversion Equity Share Premium-Ordinary Share Premium-Preference Treasury Stock Unamortized Bond Issue Costs Unrealized Holding Gain or Loss-Income The following is a summary of all relevant transactions of Sage Corporation since it was organized in 2020. In 2020,15,300 shares were authorized and 6,900 shares of common stock ($60 par value) were issued at a price of $67. In 2021, 900 shares were issued as a stock dividend when the stock was selling for $70,290 shares of common stock were bought in 2022 at a cost of $74 per share. These 290 shares are still in the company treasury. In 2021, 9,500 preferred shares were authorized and the company issued 4,700 of them ($100 par value) at $123. Some of the preferred stock was reacquired by the company and later reissued for $4,420 more than it cost the company. The corporation has earned a total of $573,900 in net income after income taxes and paid out a total of $281,500 in cash dividends since incorporation Prepare the stockholders' equity section of the balance sheet in proper form for Sage Corporation as of December 31, 2022. Account for treasury stock using the cost method. (Enter account name only. Do not provide descriptive information.) SAGE CORPORATION Stockholders' Equity > > $ Bonds Payable Buildings Cash Common Stock Common Stock Dividend Distributable Debt Investments Dividends Payable Discount on Bonds Payable Equipment Equity Investments Income Summary Land Legal Fees Expense No Entry Organization Expense Paid-in Capital from Treasury Stock Paid-in Capital from Treasury Stock Paid-in Capital in Excess of Par - Common Stock Paid-in Capital in Excess of Par - Preferred Stock Paid-in Capital in Excess of Stated Value - Common Stock Preferred Stock Property Dividends Payable Retained Earnings Retained Earnings Appropriated for Plant Expansion Share Capital-Ordinary Share Capital-Preference Share Premium-Conversion Equity Share Premium-Ordinary Share Premium-Preference Treasury Stock Unamortized Bond Issue Costs Unrealized Holding Gain or Loss -Income

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