answer it correctly please!

- /20 Question 5 of 5 View Policies Current Attempt in Progress On January 1, 2022. Kingbird, Inc. had the following stockholders' equity balances. Common Stock (550,000 shares issued) $2,200,000 Pald-in Capital in Excess of Par-Common Stock 474,000 Common Stock Dividends Distributable 330,000 Retained Earnings 634,000 During 2022, the following transactions and events occurred. 1 2 3 Issued 82,500 shares of $4 par value common stock as a result of 15% stock dividend declared on December 15, 2021 Issued 31.000 shares of common stock for cash at $6 per share Purchased 23,500 shares of common stock for the treasury at 57 per share. Declared and paid a cash dividend of 105.000 Sold 8,500 shares of treasury stock for cash at 57 per share Earned net income of $387.000 4 5 6 Prepare a stockholders equity statement for the year (if an amount reduces the account balance then enter with negative sin preceding the number 45 or parentheses es (45) Question 5 of 5 - /20 Kingbird, Inc. Stockholders' Equity Statemer Paid-in Capital in Excess of Par Common Stock Common Stock Dividends Distributable Common Stock Balances, Jan. 1 $ Issued 82.500 share for stock dividend Issued 31,000 shares for cash Purchased 23,500 shares of treasury stock Declared cash dividend Sold 8.500 shares of treasury stock Net income for year Balonces, Dec 31 $ Question 5 of 5