we need to close some apps. Update now . .1.. .2.. .3.. . Layes Corporation has been authorized to issue 20,000 shares of $100 par value, 7% noncumulative preferred stock and 1,000,000 shares of no par common stock The corporation assigned a $5 stated value to the common stock. At December 31 2022, the ledger contained the following balances pertaining to stockholders' equity Preferred Stock $150,000 Paid in Capital in Excess of Par Value-Preferred Stock 20,000 Common Stock 2,000,000 Paid-in Capital in Excess of Stated Value Common Stock 1,520,000 Treasury Stock (4,000 common shares) 36,000 Retained Earnings 82,000 Accumulated Other Comprehensive Income 51,000 The preferred stock was issued for $170,000 cash All common stock issued was for cash. In November 4,000 shares of common stock were purchased for the treasury at a per share cost of $9. No dividends were declared in 2022 A) Prepare a pactical balance sheet