The ledger of swifty corporation at December 31, 2022, after the books have been closed, contains the following stockholders' equity accounts.

The ledger of Swifty Corporation at December 31, 2022, after the books have been closed, contains the following stockholders' equity accounts Preferred Stock (12,100 shares issued) $1.234.200 Common Stock (311.000 shares issued) 1.555,000 Paid-in Capitalin Excess of Par Value-Preferred Stock 210,000 Pald-in Capital in Excess of Stated Value-Common Stock 1.710,000 Retained Earnings 2.758,000 1 2 A review of the accounting records reveals this information Preferred stocks 7% 5102 par value, noncumulativer. Since January 1, 2021. 12.100 shares have been outstanding 24 200 shares are authorized Common stock is co-par with a stated value of $5 per share: 622.000 shares are authorized, The January 1, 2022, balance in Retained Earnings was $2.291.000 On October 1.64 500 shares of common stock were sold for cash at $8 per share 5 A cash dividend of $391.000 was declared and properly allocated to preferred and common stock on November 1. No dividends were paid to referred stockholders in 2021 Net income for the year w $858.000 On December 31, 2022 the directors authorized disclosure ota 5151 500 restriction of retained earnings for plant expansion (Use Note: 6 7 Reproduce the Retained Earnings account for the year. Retained Earnings