The stockholders' equity accounts of Sarasota Corp. on January 1, 2022 were as follows. $300,000 1.000.000 Preferred Stock (6%, $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 Paid-in Capital in Excess of Stated Value-Common Stock 15,000 480,000 Retained Earnings 699,500 Treasury Stock (5,000 common shares) 40,000 Feb Mar. 20 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity 1 Issued 5,000 shares of common stock for $30,000 Purchased 1,000 additional shares of common treasury stock at $9 per share Declared a 6% cash dividend on preferred stock, payable November 1. Paid the dividend declared on October 1, Declared a $0.75 per share cash dividend to common stockholders of record on December 15, payable December 31 Oct 1 1 Nov 1 Dec 1 1 2022 Dec 31 Paid the dividend declared on December 1 Assets Liabilities Cash Div. Pay. Common (a) Bal. $ 35,000 (6) Feb. 1 9,000 Mar. 20 18,000 Oct. 1 174,000 Nov. 1 278,000 Dec. 1 192.000 Dec. 31 174,300