The post-closing trial balance of Ivanhoe Corporation at December 31.2022, contains the following stockholfers equity accounts A review of the accountine records reveak the following 1. No errors have been made in recording 2022 transactions or in preparing the closing entry for net income. 2. Preferred stock is $50 par, 6%, and cumulative; 15,900 shares have been outstanding since January 1, 2021." 3. Authorized stock is 20,900 shares of preferred, 494,000 shares of common with as 10 par value. 4. The January 1 balance in Retained Earnings was $1,110.000. 5. On July 1, 19.400 thares of common stock were iswed for cash at $18 per share. 6. On September 1, the company dicoovered an understatement error of $90,500 in computing saiaries and wages epense in 2021. The net of tax effect of 563.350 was properly debited directly to Retained Earnings. 7. Acash dividend of 5247,000 was declared and property allocated to preferred and common stock on October 1. No dividends were paid to preferred stockholders in 2021. B. On December 31, a 10 s common stock dividend was declared out of retained earnings on common stock when the market price per share was $18. 9. Net income for the year was $583000 10. On December 31,2022 , the directors authorized disclosure of a $192,000 restriction of retained earnings for plant expansion. (Use Note X ) Reproduce the Retained Earnings accouint for 2022. (Cist items in order presented in the probiem.) Preparea stockholders equity section at December 31,2022. (Enter account name only and do not Compute the allocation of the cash dividend to preferred and common stock. Alocation of the cash dividend to preferred stock Alocation of the cash dividend to commonstock