The post closing trial balance of Concord Corporation at December 31, 2022. contains the following stockhalder5 equity accounts. A roview of the accounting records reveak the followine. 1. No errors have been made in recording 2022 transactions or in preparing the closing entry for net income: 2. Preferied stock is 550 par, oki, and cumulative, 15, 100 shareshave been outstandling since lanuary 1, 2021. 3. Authorlzed stock is 20,100 shares of preferred, 480,000 shares of common with a 514 par value. 4. The danuary 1 balance in Retained Earnins was $1.140.000. 5. On July 1, 18,000 shares of common stock were issued for cash at $16 per share 6. On September 1, the companv diccovered an understatenent error of 592.000 in computing depreciation in 2019 , which overstated net income. The net of tax effect of 564,400 was properly debited directly to Retained Earnings. 7. Aeash dividend of 5336,000 was declared and property allocated to preferred and common stock on October 1. No dividends were paid to preferred stocktholders in 2021. B. On December 31, a 108 common stock dividend was declared out of rettined earnings an common stock when the market price per share wa 516 9. Net income for the year was $551300. 10. On December 31, 2022, the directors authorized disclosure of a $200,000 restrictich of retained earnings for. plant expansion.(Use Note Xi) [3] Reproduce the fietained Earnings account (Traccount) for 2022. (List items in order presented in the problem.]