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Tony and Suzie have purchased land for a new camp, Now they need money to build the cabins, dining facility, a fopes course, and an

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Tony and Suzie have purchased land for a new camp, Now they need money to build the cabins, dining facility, a fopes course, and an outdoor swimming pool. Tony and Suzie first checked with Summit Bank to see if they could borrow an additional \$1 million, but unfortunately the bank turned them down as too risky. Undeterred, they promoted their idea to close friends they had made through the outdoor clinics and TEAM events. They decided to go ahead and sell shares of stock in the company to raise the additional funds for the camp: Greot Adventures has authorized \$1 par value common stock. When the company began on July 1, 2021, Tony and Suzie each purchased 10,000 shares (20,000 shares total) of $1 par value common stock at $1 per share. The following transactions affect stockholders' equity during the remainder of 2022 : November 5 Issue an additional 100,006 shares of connon stock for $10 per 5 hare. November 16 Purchase 10, e00 shares of its own comon stock (1.e.. treasury stock) for s15 per share. Novenber 24 Resel1. 4 , ebe shares of treasury stock at $16 per share. December 1 Dectare a cash dividend on its comeon stock of $11,400 (se.10 per share) to att stockhotders of record on Deceaber 15. December 20 Pay the cash dividend declared on Decenber 1. December 31 Pay $800,000 for construction of now cabins and other facilities. The entire expenditure is recorded in the Buildings account. 2. Great Adventures has net income of $35.835 in 2022 . Retained earnings at the beginning of 2022 was $33,450 Prepare the stockholders' equity section of the balance sheet for Great Adventures as of December 31, 2022. (Amounts to be deducted should be Indicated with a minus sign.)

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