The post-closing trial balance of Storey Corporation at December 31, 2022, contains the following stockholders' equity accounts. $750,000 2,500,000 Preferred Stock (15,000 shares issued) Common Stock (250,000 shares issued) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock 250,000 400 500 250,000 Common Stock Dividends Distributable Retained Earnings 1,042,000 A review of the accounting records reveals the following 1. 2 3 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; 15,000 shares have been outstanding since January 1, 2021. Authorized stock is 20,000 shares of preferred, 500,000 shares of common with a $10 par value. The January 1 balance in Retained Earnings was $1,170,000 On July 1, 20,000 shares of common stock were issued for cash at $16 per share. 4. 5 etv FRA . The post-closing trial balance of Storey Corporation at December 31, 2022, contains the following stockholders' equity accounts. $750,000 2,500,000 250,000 Preferred Stock (15,000 shares issued) Common Stock (250,000 shares issued) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Retained Earnings 400,000 250,000 1,042,000 A review of the accounting records reveals the following. 1. 2. 3 4. 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: 15,000 shares have been outstanding since January 1, 2021. Authorized stock is 20,000 shares of preferred, 500,000 shares of common with a $10 par value. The January 1 balance in Retained Earnings was $1,170,000, On July 1, 20,000 shares of common stock were issued for cash at $16 per share. On September the company discovered an understatementarror of $90.000 in computing salaries and wassenenstein 13 & PROA OOOO 5. In order presented in the problem.) Retained Earnings Sept. 1 Prior Per. Adj. 63,000 Jan 1 Balance 1.170,000 Dec 31 Cash Dividends 250,000 Dec 31 Net Income 585.000 Dec. 31 Stock Dividends 400.000 Dec, 31 Balance 1042.000 Prepare a stockholders' equity section at December 31, 2022. (Enter account name only and do not provide descriptive information.) STOREY CORPORATION Partial Balance Sheet December 31, 2022