Current Attempt in Progress On January 1, 2022, Skysong. Inc had these stockholders' equity balances....
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Current Attempt in Progress On January 1, 2022, Skysong. Inc had these stockholders' equity balances. Common Stock $1 par (2.700.000 shares authorized, 705,000 shares issued and outstanding) $705,000 Paid-in Capital in Excess of Par Value 1.430,000 Retained Earnings 684,000 Accumulated Other Comprehensive Income 47.000 During 2022, the following transactions and events occurred. 1. Issued 45,500 shares of $1 par value common stock for $2 per share. 2. Issued 60,500 shares of common stock for cash at $5 per share. 3. Purchased 23,700 shares of common stock for the treasury at $3.30 per share. 4. Declared and paid a cash dividend of $171,500. 5. Earned net income of $385,500. 6. Had other comprehensive income of $16,200, Prepare the stockholders' equity section of the balance sheet at December 31, 2022. SKYSONG, INC. Partial Balance Sheet SKYSONG, INC. Partial Balance Sheet $


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