THE MARTIN CORPORATION

STATEMENT OF STOCKHOLDERS' EQUITY DECEMBER $31,2022$

Capital stock:

Preferred stock, $$100$ par value, $7\%$ dividend, $50,000$ shares authorized, $30,000$ shares issued and outstanding $$3,000,000$

Preferred stock fractional$-$share rights outstanding, representing $1,000$ shares $100,000$

Common stock, Class A$,$ $$10$ par value, $800,000$ shares authorized, $400,000$ shares issued $4,000,000$

Common stock subscribed, Class A$,28,000$ shares $($net of subscription receivable of $$130,000)150,000$

Common stock dividend distributable, Class A$,20,000$ shares $200,000$

Common stock, Class B$,$ $$5$ stated value, $40,000$ shares authorized, $20,000$ shares issued and outstanding $100,000$ $$7,550,000$

Additional paid$-$in capital

$740,000$

Total contributed capital $$8,290,000$

Retained earnings:

Unappropriated portion $$2,160,000$

Reserve for sinking fund $2,100,{000}_{?}4,260,000$

Stockholders' equity before adjustments $$12,550,000$

Accumulated other comprehensive income:

Foreign currency translation adjustment $$430,000$

Unrealized gains on AFS investments $140,000$

Net losses from pension$-$plan valuation $(360,000)210,000$

Stockholders' equity before treasury stock

$$12,760,000$

Treasury stock, $10,000$ shares of Class A common stock, at cost

$(500,000)$

Total stockholders' equity

$$12,260,000$