On January 1, 2022, Kingbird, Inc. had these stockholders' equity balances. Common Stock, $1 par (2,100,000 shares authorized, 590,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings Accumulated Other Comprehensive Income $590,000 1,400,000 680,000 47,000 During 2022, the following transactions and events occurred. 1. 2. 3. 4. Issued 45,000 shares of $1 par value common stock for $2 per share. Issued 55,000 shares of common stock for cash at $3 per share. Purchased 14,000 shares of common stock for the treasury at $3.00 per share. Declared and paid a cash dividend of $110,000. Earned net income of $350,000. Had other comprehensive income of $15,000. 5. 6. Prepare the stockholders' equity section of the balance sheet at December 31, 2022. KINGBIRD, INC. Partial Balance Sheet December 31, 2022 $ : $