Question: Please help me solve the boxes in red. The middle 2 pictures go together side-by-side and the last 2 pictures go together side-by-side. 1. On






Please help me solve the boxes in red.
The middle 2 pictures go together side-by-side and the last 2 pictures go together side-by-side.
1. On January 1, 2022, Cullumber issued 1,280 shares of $20 par, 6\% preferred stock for $28,160. 2. On January 1, 2022, Cullumber also issued 1,280 shares of common stock for $29,440. 3. Cullumber reacquired 384 shares of its common stock on July 1,2022 , for $49 per share. 4. On December 31, 2022, Cullumber declared the annual cash dividend on the preferred stock and a $1.50 per share dividend on the outstanding common stock, all payable on January 15, 2023. 5. Cullumber estimates that uncollectible accounts receivable at year-end are $6,528. 6. The building is being depreciated using the straight-line method over 30 years. The salvage value is $6,400. 7. The equipment is being depreciated using the straight-line method over 10 years. The salvage value is $5,120. 8. The unearned rent was collected on October 1, 2022. It was receipt of 4 months' rent in advance (October 1, 2022 through January 31, 2023). 9. The 10% bonds payable pay interest every January 1. The interest for the 12 months ended December 31 , 2022, has not been paid or recorded. Prepare a classified balance sheet as of December 31, 2022. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Buildings and Equipment. Enter account name only and do not provide descriptive information.) CULLUMBER CORPORATION Balance Sheet December 31,2022 Assets Current Assets Cash Accounts Receivable $ Total Current Assets Property, Plant and Equipment Land Buildings Less : Accumulated Depreciation-Buildings Equipment Less V: Accumulated Depreciation-Equipment $ Liabilities and Stockholders' Equity Current Liabilities Interest Payable Accounts Payable Dividends Payable Unearned Rent Revenue Total Current Liabilities Long-term Liabilities Notes Payable Total Liabilities Stockholders' Equity Additional Paid-in Capital Common Stock Retained Earnings $ $ Liabilities and Stockholders' Equity $ $ \begin{tabular}{ll} \hline \hline \multicolumn{1}{l|}{} \\ \hline \hline \end{tabular} 1 $
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