The stockholders' equity section of Sunrise Entertainment, Inc.$\text{'}$s balance sheet at December $31,2021,$ follows:

$($Click the icon to view the stockholders' equity section of the balance sheet.$)$

$($Click the icon to view additional information.$)$

Requirement

Based on the information provided, prepare the stockholders' e

Data table

Stockholders' Equity

Common Stock $-$ no par, $10,000$ shares

authorized $$ shares issued and outstanding $$

Retained Earnings $q,$

Total Stockholders' Equity $q,$

Stockholders' Equity

Common Stock $-$ no par, $10,000$ shares authorized, $1,100$ shares issued and outstanding

Retained Earnings

Total Stockholders' Equity

$\backslash$table$[[,40,000],[,300,000],[$$$,340,000]]$

Transactions

During $2022,$ Sunrise Entertainment completed the following transactions:

May $24$: Issued $400$ no$-$par shares for cash amounting to $$18,000.$

December $1$: Implemented a $2-$for$-1$ stock split.

December $31$: Announced net income of $$90,000$ for the year ended December $31,2022.$