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On January 1, 2022. Carla Vista Inc. had the following stockholders' equity balances. $1,150,000 500,000 Common Stock (575.000 shares issued) Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Retained Earnings 230,000 610,000 During 2022. the following transactions and events occurred, 1. 2. 3 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 23,000 shares of common stock for the treasury at $5 per share, Declared and paid a cash dividend of $114,000 Sold 7,000 shares of treasury stock for cash at $5 per share, 4. 5. 6. Earned net income of $340,000. Prepare a stockholders' equity statement for the year. (If an amount reduces the account balance then enter with negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Carla Vista Inc. Stockholders' Equity Statement For the Year Ending December 31, 2022 (in thousands, except shares) Paid-in Capital in Excess of Par- Common Stock Common Stock Common Stock Dividends Distributable Tre S Balances, Jan 1 1.150.000 500.000 230,000 $ Issued 115,000 share for stock dividend 230,000 -230,000 Issued 57 500 shares for cash 115,000 115.000 Common Stock Dividends Distributable Treasury Stock Retained Earnings Total 230,000 $ $ 610,000 $ 2,490,000 - 230.000 230,000 - 115.000 115.000 shares for cash 115.000 115.000 . Purchased 23,000 shares of treasury stock . Declared cash dividend I*** Sold 7,000 shares of treasury stock Net income for year Balances, Dec. 31 $ 5 $ 1.495.000 615.000 230,000 -135.000 - 115.000 - 114000 - 116000 35.000 35.000 340.000 40000 836.000 2.000 85.000 Textbook and Media