The ledger of Whispering Winds Corp. at December 31, 2022. after the books have been closed, contains the following stockholders equity accounts. Preferred Stock (11,600 shares issued) $1.171,600 Common Stock (306,000 shares issued) .2 142.000 Paid in Capital in Excess of Par Value --Preferred Stock 185,000 Paid-in Capital in Excess of Stated Value--Common Stock 1,660,000 Retained Earnings 2.750,500 A review of the accounting records reveals this information: 1 Preferred stock is 7%, 5101 par value, noncumulative. Since January 1, 2021, 11.600 shares have been outstanding: 23,200 shares are authorized 2. Common stock is no par with a stated value of $7 per share: 612,000 shares are authorized 3. The January 1, 2022, balance in Retained Earnings was $2.286,000 4. On October 1, 59,500 shares of common stock were sold for cash at 58 per share 5. A cash dividend of $396,500 was declared and properly allocated to preferred and common stock on November 1. No dividends were paid to preferred stockholders in 2021. Net income for the year was $861,000. On December 31, 2022, the directors authorized disclosure of a $166.000 restriction of retained earnings for plant expansion. (Use Note A) 7. G Search or type URL G 7 B 9 3 0 E R K D H F G S N M. V B lal Reproduce the Retained Earnings account for the year Retained Earnings Jan. 1 Balance Jan 1 Balance Dec. 31 Jan. 1slance Save for Later I Attempts:0 of 1 used Submit (b) The parts of this question must be completed in order this part will be able when you complete the above G Search or to URL 2 3 E R T . K F S B N M