abled: Assignment 2 Winter 2021 Draft 36 On January 2021. Fascom had the following account balance in shareholders equity accounts common stock. 51 par, 243,000 shares issued Paid in capital-excess of par, common Paid in capital-excess of par, preferred Preferred stock, $100 par, 18,500 shares outstanding Retained earnings Treasury stock, at cost, 4,300 shares 245.000 466.000 185,00 3,700,000 21,500 During 2021 Fascom Inc. had several transactions relating to common stock Lanuary 15! Declared a property dividend of 100,000 shares of slowdown company book value Film per shers, tous les share). February 17: Distributed the property dividend. April 10: A 2-for-1 stock split was declared and distributed on outstanding common stock and effected in the forest dividend (Fascom chose to reduce paid in capital-excess of par) The fair valut of the stock July 18: Declared and distributed a 3x stock dividend or outstanding common stock. The fair value is $5 per December 1: Declared a 50 cents per share cash dividend on the outstanding common shares December 20: Paid the cash dividend. Required: Without preparing journal entries, prepare the shareholders equity section of Fascom's balance sheet as of December 31, 2021 Assume net income is $430,000 for 2021. (Negative amounts should be entered with a minus sign) FASCOM Balance Sheet (Partial) December 31, 2021 Shareholders equity abled: Assignment 2 Winter 2021 Draft 36 On January 2021. Fascom had the following account balance in shareholders equity accounts common stock. 51 par, 243,000 shares issued Paid in capital-excess of par, common Paid in capital-excess of par, preferred Preferred stock, $100 par, 18,500 shares outstanding Retained earnings Treasury stock, at cost, 4,300 shares 245.000 466.000 185,00 3,700,000 21,500 During 2021 Fascom Inc. had several transactions relating to common stock Lanuary 15! Declared a property dividend of 100,000 shares of slowdown company book value Film per shers, tous les share). February 17: Distributed the property dividend. April 10: A 2-for-1 stock split was declared and distributed on outstanding common stock and effected in the forest dividend (Fascom chose to reduce paid in capital-excess of par) The fair valut of the stock July 18: Declared and distributed a 3x stock dividend or outstanding common stock. The fair value is $5 per December 1: Declared a 50 cents per share cash dividend on the outstanding common shares December 20: Paid the cash dividend. Required: Without preparing journal entries, prepare the shareholders equity section of Fascom's balance sheet as of December 31, 2021 Assume net income is $430,000 for 2021. (Negative amounts should be entered with a minus sign) FASCOM Balance Sheet (Partial) December 31, 2021 Shareholders equity