Question: Hi, please solve step by step with all formulas and explanations. Thanks. Torino Jewelry Company reported the following summarized balance sheet at December 31,2021 :

Hi, please solve step by step with all formulas and explanations. Thanks.

Torino Jewelry Company reported the following summarized balance sheet at December 31,2021 : (Click the icon to view the statement.) During 2022, Torino Jewelry completed these transactions that affected stockholders' equity: (Click the icon to view the transactions.) Read the requirements. Data table Requirements 1. Journalize Torino Jewelry's transactions. Explanations are not required. 2. Report the company's stockholders' equity at December 31, 2022. Net income for 2022 was $31,000

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