The ledger of Monty Corp. at December 31, 2022, after the books have been closed, contains the following stockholders equity accounts. Preferred Stock (10,900 shares issued) $1,111,800 Common Stock (299,000 shares issued) 1,495,000 Paid-in Capital in Excess of Par ValuePreferred Stock 150,000 Paid-in Capital in Excess of Stated ValueCommon Stock 1,590,000 Retained Earnings 2,703,000 A review of the accounting records reveals this information: 1. Preferred stock is 8%, $102 par value, noncumulative. Since January 1, 2021, 10,900 shares have been outstanding; 21,800 shares are authorized. 2. Common stock is no-par with a stated value of $5 per share; 598,000 shares are authorized. 3. The January 1, 2022, balance in Retained Earnings was $2,279,000. 4. On October 1, 66,000 shares of common stock were sold for cash at $10 per share. 5. A cash dividend of $399,000 was declared and properly allocated to preferred and common stock on November 1. No dividends were paid to preferred stockholders in 2021. 6. Net income for the year was $823,000. 7. On December 31, 2022, the directors authorized disclosure of a $159,000 restriction of retained earnings for plant expansion. (Use Note A.) Reproduce the Retained Earnings account for the year. Retained Earnings choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose a transaction date enter a debit amount choose a transaction date enter a credit amount choose the end date of the accounting period enter a debit balance choose the end date of the accounting period enter a credit balance Prepare the stockholders equity section of the balance sheet at December 31. MONTY CORP. Partial Balance Sheet choose the accounting period select an opening section name select an opening subsection name select a name of the subordinate part one of this subsection enter a balance sheet item $enter a dollar amount enter a balance sheet item enter a dollar amount select a summarizing line for the subordinate part one of this subsection $enter a subtotal of the two previous amounts select a name of the subordinate part two of this subsection enter a balance sheet item enter a dollar amount enter a balance sheet item enter a dollar amount select a summarizing line for the subordinate part two of this subsection enter a subtotal of the two previous amounts select a closing subsection name enter a total amount for this subsection enter a balance sheet item enter a dollar amount select a closing section name $enter a total amount for this section Click if you would like to Show Work for this question: Open Show Work