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On January 1, 2022, Sage Hink. had these stockholders' equity balances Common Stock 51 par...

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On January 1, 2022, Sage Hink. had these stockholders' equity balances Common Stock 51 par (2,500,000 shares authorized 650,000 shares issued and outstandine $650.000 Pald-in Capital in Excess of Par Value 1420,000 Retained Earnings 698.000 Accumulated Other Comprehensive Income 50,000 During 2022, the following transactions and events occurred. 1 Issued 46,500 shares of $1 par value common stock for $2 per share. 2 Issued 61,000 shares of common stock for cash at $6 per share. 3 Purchased 22.500 shares of common stock for the treasury at $3.05 per share. 4 Declared and paid a cash dividend of $205,500 5. Earned net income of $422,000 & Had other comprehensive Income of $15,800 Prepare the stockholders equity section of the balance sheet at December 31, 2022. SAGE HILL INC. Partial Balance Sheet December 31, 2022

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