The stockholders equity accounts of Monty Corporation on January 1, 2022, were as follows.

Preferred Stock (8%, $52 par, 10,000 shares authorized)		$ 390,000
Common Stock ($1 stated value, 1,900,000 shares authorized)		1,100,000
Paid-in Capital in Excess of ParPreferred Stock		125,000
Paid-in Capital in Excess of Stated ValueCommon Stock		1,400,000
Retained Earnings		1,750,000
Treasury Stock (10,000 common shares)		50,000

During 2022, the corporation had the following transactions and events pertaining to its stockholders equity.

Feb.	1		Issued 25,000 shares of common stock for $124,000.
Apr.	14		Sold 5,900 shares of treasury stockcommon for $33,100.
Sept.	3		Issued 5,000 shares of common stock for a patent valued at $34,300.
Nov.	10		Purchased 1,100 shares of common stock for the treasury at a cost of $6,200.
Dec.	31		Determined that net income for the year was $435,000.

No dividends were declared during the year.

Enter the beginning balances in the accounts, and post the journal entries to the stockholders equity accounts. (Use J5 for the posting reference.) (Post entries in the order of journal entries presented in the previous part.)

This is an example of what the first part of the table looks like:

Preferred Stock
Date	Explanation	Ref.	Debit	Credit	Balance
choose a transaction date Jan. 1Feb. 1Apr. 14Sept. 3Nov. 10Dec. 31	Balance		enter a debit amount	enter a credit amount	enter a balance amount

But it goes on for Preferred stock, common stock, paid-in capital in excess of par-preferred stock, paid-in capital in excess of stated value- common stock, paid-in capital from treasury stock, retained earnings, and treasury stock.

Part b.

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

Preferred Stock Common Stock Total Capital Stock Additional Paid in Capital Paid-in Capital in Excess of Par-Preferred Stock Balance Sheet (Partial December 31, 2022 Paid-in Capital in Excess of Stated Valuc-Common Stock 390000 740000 125000 1528300 Total Additional Paid-in Capital Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Less Treasury Stock Total Stockholders' Equity