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The stockholders' equity accounts of Sheffield Corp. on January 1, 2022, were as follows. During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 25,000 shares of common stock for $117,000. Apr. 14 Sold 5,500 shares of treasury stock-common for $33,000. Sept. 3 Issued 5,100 shares of common stock for a patent valued at $34,800. Nov. 10 Purchased 1,000 shares of common stock for the treasury at a cost of $6,100. Dec. 31 Determined that net income for the year was $475,000. No dividends were declared during the year. account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter 0 for the amounts.) Enter the beginning balances in the accounts, and post the journal entries to the stockholders' equity accounts. (Post entries in th order of joumal entries presented in the previous part.) Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Paid-in Capital from Treasury Stock Treasury Stock Prepare a stockholders' equity section at December 31: 2022, including the disclosure of the preferred dividends in arrears. (Enter the account name only and do not provide the descriptive information provided in the question.) Question 3 of 10 12.5 $

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