The stockholders' equity accounts of Cyrus Corporation on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 5,000 shares authorized) $300,000 Common Stock ($4 stated value, 300,000 shares authorized) 1,000,000 Paid-in Capital in Excess of Par Value --Preferred Stock 15,000 Paid-in Capital in Excess of Stated Value-Common Stock 480,000 Retained Earnings 688,000 Treasury Stock (5,000 common shares) 40,000 Feb. 1 Mar. 20 During 2022, the corporation had the following transactions and events pertaining to its stockholders equity. Issued 5,000 shares of common stock for $30,000, Purchased 1,000 additional shares of common treasury stock at $7 per share. Declared a 7% cash dividend on preferred stock, payable November 1 Paid the dividend declared on October 1. Declared a $0,50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2 Determined that net income for the year was $280,000. Paid the dividend declared on December 1 Oct 1 Nov. 1 Dec 1 Dec. 31 Prepare the stockholders equity section of the balance sheet at December 31, 2022. CYRUS CORPORATION Partial Balance Sheet