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The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Entity M Corporation at December 31, 2022. Common Stock ($5 stated value, 2,000,000

The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Entity M Corporation at December 31, 2022.

Common Stock ($5 stated value, 2,000,000 shares authorized,

560,000 shares issued and ? shares outstanding ) $2,800,000

Paid-in Capital in Excess of Par ValuePreferred Stock 45,000

Paid-in Capital in Excess of Stated ValueCommon Stock 1,050,000

Preferred Stock (8%, $100 par, noncumulative, 20,000 shares

authorized, 10,000 shares issued and outstanding) 1,000,000

Retained Earnings (credit balance) 1,005,000

Treasury Stock (10,000 common shares at cost) 98,000

Prepare the stockholders equity section of the balance sheet in good form at December 31, 2022. Be sure to indicate how many shares are authorized, issued, and outstanding for each class of stock.

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