The post-closing trial balance of Sandhill Corporation at December 31, 2022, contains the following stockholders equity accounts.

Prepare a stockholders equity section at December 31, 2022. (Enter account name only and do not provide descriptive information.)

List of Accounts

• Accumulated Depreciation
• Cash
• Cash Dividends
• Common Stock
• Common Stock Dividends Distributable
• Dividends Payable
• Income Summary
• Income Tax Expense
• Income Taxes Payable
• Interest Expense
• Interest Payable
• No Entry
• Operating Expenses
• Paid-in Capital in Excess of Par-Common Stock
• Paid-in Capital in Excess of Par-Preferred Stock
• Paid-in Capital in Excess of Stated Value-Common Stock
• Preferred Stock
• Retained Earnings
• Sales Revenue
• Stock Dividends
• Treasury Stock

Preferred Stock (15,900 shares issued) $795,000 Common Stock (243,000 shares issued) 3,645,000 Paid-in Capital in Excess of Par-Preferred Stock 243,000 Paid-in Capital in Excess of Par-Common Stock 408,000 Common Stock Dividends Distributable 364,500 Retained Earnings 978,660 A review of the accounting records reveals the following. 1. No errors have been made in recording 2022 transactions or in preparing the closing entry for net income. Preferred stock is $50 par, 6%, and cumulative; 15,900 shares have been outstanding since January 1, 2021. 2. 3. Authorized stock is 20,900 shares of preferred, 486,000 shares of common with a $15 par value. 4. The January 1 balance in Retained Earnings was $1,200,000. 5. On July 1, 19,300 shares of common stock were issued for cash at $16 per share. 6. On September 1, the company discovered an understatement error of $87,200 in computing salaries and wages expense in 2021. The net of tax effect of $61,040 was properly debited directly to Retained Earnings. 7. A cash dividend of $364,500 was declared and properly allocated to preferred and common stock on October 1. No dividends were paid to preferred stockholders in 2021. 8. On December 31, a 10% common stock dividend was declared out of retained earnings on common stock when the market price per share was $16. 9. Net income for the year was $593,000. 10. On December 31, 2022, the directors authorized disclosure of a $200,000 restriction of retained earnings for plant expansion. (Use Note X.) Prepare a stockholders' equity section at December 31, 2022. (Enter account name only and do not provide descriptive information.) SANDHILL CORPORATION Partial Balance Sheet $ December 31, 2022 $ $