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A review of the accounting records reveals this information: 1. Preferred stock is 99, $100...

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Accounting

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A review of the accounting records reveals this information: 1. Preferred stock is 99, $100 par value, noncumulative. Since January 1, 2024, 11,900 shares have been autstandin 23,600 shares ars authorized. 2. Comman stock is no-par with a stated value of $5 per share; 618,000 sharss are authorizad. 3. The January 1, 2025, balance in Retained Earnings was \$2,299,000. 4. On October 1, 62,500 shares of comman stock ware sold for cash at $9 par share. 5. A cash dividend of $399,500 was declared and properly allocated to preferrad and common stock on November 1 . No dividends were paid to preferrad stackholders in 202 6. Net income for the year was $847,000. 7. On Dacember 31,2025, the directors authorized disclosure of a $169,000 restriction of ratainad earnings for plant evpansion. (Use Nate A.) (a) Raproduce the Ratainad Earnings account for theyear

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