WeatherStrip Co. needed an infow of capital to expand their business. So the business incorporated and decided to issue stock. The charter from the state of Arkansas authorizes WeatherStrip to issue 250,000 shares of 4%, $80 par value preferred stock, and 600,000 shares of $4 par value common stock. Record the following stock transactions in the general journal on the "Worksheet(a)" tab. Then prepare only the stockholder's equity section of WeatherStrip's balance sheet as of December 31, 2022 on "Worksheet(b)" tab. Assume WeatherStrip had net income of $140,000 for the month of December.

Worksheet A below:

GENERAL JOURNAL
Date	Accounts		Debits	Credits
Dec. 1, 2022
	Issued common stock
Dec. 5, 2022
	Issued preferred stock
Dec. 11, 2022
	Issued common stock
Dec. 14, 2022
	Declared dividend
Dec. 22, 2022
	Date of Record
Dec. 31, 2022
	Paid Dividends

Worksheet B below:

WeatherStrip Inc.
Balance Sheet (Stockholder's Equity only)
31-Dec-22
Capital Stock:
				$ -
Additional Paid-in Capital:
				$ -
	Total Paid-In Capital				$ -
	Retained Earnings
	Total Stockholder's Equity				$ -