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The stockholders equity accounts of Whispering Winds Corp. on January 1.2022 were as follows $425.000 1.500,000 100.000 Preferred Stock (6% $50 par cumulative, 11,000 shares

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The stockholders equity accounts of Whispering Winds Corp. on January 1.2022 were as follows $425.000 1.500,000 100.000 Preferred Stock (6% $50 par cumulative, 11,000 shares authorized) Common Stock (31 stated value. 2.000.000 shares authorized) Pald-in Capital in Excess of Par-Preferred Stock Paid in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,500 common shares) 1.500.000 1.850,000 42,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity Feb. 1 Issued 26,000 shares of common stock for $124.000 Apr 14 Sold 5.600 shares of treasury stock-common for $33.400 Sept. Issued 5.200 shares of common stock for a patent valued at $34,400 Nov 10 Purchased 1,100 shares of common stock for the treasury at a cost of 55,800 Dec 31 Determined that net income for the year was $490,000 No dividends were declared during the year. (b) Enter the beginning balances in the accounts, and post the journal entries to the stockholders will contestantin the order of journal entries presented in the previous part Preferred Stock Paid-in Capitalin Excess of Par-Preferred Stock Common Stock Question 3 of 3 4.33/13 Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings . Pald-in Capital from Treasury Stock Question 3 of 3 > 433/13 Treasury Stock e Textbook and Media List of Accounts Suve for Later Attempts of 3 used SA (c) The parts of this question must be completed in order. This part will be wailable when you complete the part above

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