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The stockholders' equity accounts of Flint Corporation on January 1, 2022 were as follow $300,000 1,000,000 15,000 Preferred Stock (8%, $100 par noncumulative, 5,000 shares

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The stockholders' equity accounts of Flint Corporation on January 1, 2022 were as follow $300,000 1,000,000 15,000 Preferred Stock (8%, $100 par noncumulative, 5,000 shares authorized) Common Stock ($4 stated value, 300,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Pald-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (5,000 common shares) 480,000 686,500 40,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity Feb 1 Mar. 20 Oct 1 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 8% cash dividend on preferred stock, payable November 1. Paid the dividend declared on October 1. Declared a $0.60 per share cash dividend to common stockholders of record on December 15, payable December 31. 2022 Paid the dividend declared on December 1. Nov. 1 Dec. 1 Dec 31 (a)-(b) (a) Prepare a tabular summary that includes the January 1, 2022. balances. Do not include the beginning balance in Retained bl Record the 2022 transactions in the tabular summary (a) Prepare a tabular summary that includes the January 1, 2022, balances. Do not include the begin Record the 2022 transactions in the tabular summary. (6) Include margin explanations for the changes in revenues and expenses. (Round answers to decimal places, eg. 5,275. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amo entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Cash Div. Pay Common Stock $ (a) Bal $ $ (6) Feb. 1 Mar. 20 I Oct. 1 Nov. 1 Dec. 1 Dec 31 stion 8 of 8 (a) Prepare a tabular summary that includes the January 1, 2022, balances. Do not include the beginning balance in Retained (b) Record the 2022 transactions in the tabular summary Include margin explanations for the changes in revenues and expenses. (Round answers to decimal places, eg. 5,275. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Paid-in-Capital PIC in Excess of Stated Value Com. PIC in Excess of Par Value Pref. Pref. Stock Treasury Stock + Retained Earnings Revenue Expense Dividend $ Interest expense Common stock Dividends Preferred stock Pald-in-capital in excess of common stock Pald-In-capital in excess of preferred stoc e Textbook and Media List of Accounts

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