Current Attempt in Progress On January 1, 2022, Oriole Inc. had the following stockholders' equity balances. Common Stock (485,000 shares issued) Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Retained Earnings 1. 2. 3. During 2022, the following transactions and events occurred. 4. 5. $970,000 6. 580,000 230,000 560,000 Issued 115,000 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15, 2023. Issued 57,500 shares of common stock for cash at $4 per share. Purchased 22,000 shares of common stock for the treasury at $5 Declared and paid a cash dividend of $112,000. Sold 8,000 shares of treasury stock for cash at $5 per share. Earned net income of $365,000. per share. for the year (If an amount reduces the account balance then enter with negative sign preceding

Current Attempt in Progress. On January 1, 2022, Oriole inc. had the following stockholders' equity balances. During 2022, the following transactions and events occurred. 1. Issued 115,000 shares of \$2 par yalue common stock as a result of 15% stock dividend declared on December 15,2023. 2. Issued 57,500 shares of common stock for cash at $4 per share. 3. Purchased 22,000 shares of common stock for the treasury at $5 per share. 4. Declared and paid a cash dividend of $112.000 5. Sold 8,000 shares of treasury stock for cash at $5 per share. 6. Earned net income of $365,000. Question 5 of 5 11 Purchased 22,000 shares of treasury stock Declared cash dividend Sold 8,000 shares of treasury stock Net income for year Paid-in Capital in Excess of Par - Common Stock 5 Common Stock Dividends Distributable $ Treasury Stock