On January 1, 2022, Windsor, Inc. had these stockholders equity balances. ...
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Accounting
On January 1, 2022, Windsor, Inc. had these stockholders equity balances.
| Common Stock, $1 par (2,000,000 shares authorized, 650,000 shares issued and outstanding) | $650,000 | |
| Paid-in Capital in Excess of Par Value | 1,450,000 | |
| Retained Earnings | 693,000 | |
| Accumulated Other Comprehensive Income | 47,000 |
During 2022, the following transactions and events occurred.
| 1. | Issued 49,000 shares of $1 par value common stock for $5 per share. | |
| 2. | Issued 62,500 shares of common stock for cash at $5 per share. | |
| 3. | Purchased 16,200 shares of common stock for the treasury at $3.30 per share. | |
| 4. | Declared and paid a cash dividend of $174,000. | |
| 5. | Earned net income of $365,000. | |
| 6. | Had other comprehensive income of $19,200. |
Prepare the stockholders equity section of the balance sheet at December 31, 2022.
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