Prepare the stockholders’ equity area of the balance sheet atDecember 31. (need help via red boxes on balance sheet)
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Transcribed photo text: The ledger of Bramble Corp. at December 31, 2022, after the books have actually been closed, has the adhering to stockholders' equity accounts. Preferred Stock (12,400 shares issued) Usual Stock (314,000 shares issued) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Usual Stock Retained Wages $1,277,200 1,884,000 225,000 1,740,000 2,730,000 A evaluation of the accounting documents reveals this information: 1. Preferred stock is 9%, $103 par value, noncumulative. Because January 1, 2021, 12,400 shares have actually been outstanding; 24,800 shares are authorized. 2. Common stock is no-par via a declared value of $6 per share; 628,000 shares are authorized. 3. The January 1, 2022, balance in Retained Salaries was $2.294,000. 4. On October 1, 67,500 shares of widespread stock were offered for cash at $9 per share. 5. A cash dividfinish of $394,000 was declared and effectively alsituated to wanted and also common stock on November 1. No dividends were passist to wanted stockholders in 2021 6. Net revenue for the year was $830,000. 7. On December 31, 2022, the directors authorized disclocertain of a $154,500 restriction of retained earnings for plant expansion. (Use Note A.) (a) Your answer is correct. Reproduce the Retained Earnings account for the year. Retained Earnings Dec. 31 394000 Jan. 1 Balance 2294000 + Dec. 31 830000 Dec. 31 Balance 2730000 > BRAMBLE CORP. Partial Balance Sheet December 31, 2022 Stockholders' Equity 4 Paid-in Capital Capital Stock Preferred Stock $ 1,277,200 Usual Stock 1,884,000 Total Capital Stock 3161200 Additional Paid-in Capital Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Total More Paid-in Capital Total Paid-in Capital Retained Earnings Total Stockholders' Equity $