Sweet Company has the following stockholders' equity accounts at December $31$; $2020.$

Common Stock $($ $$100$ par value, authorized $7,600$ shares$)$ $$503,200$

Retained Earnings

$276,100$

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Prepare the stockholders' equity section of Sweet Company's balance sheet after giving effect to these transactions, assuming that the net income for 2021 was $88,200. State law requires restriction of retained earnings for the amount of treasury stock. (Enter account name only and do not provide descriptive information.) SWEET COMPANY Stockholders' Equity Retained Earnings Common Stock December 31, 2021 Total Paid-in Capital and Retained Earnings Less : Treasury Stock Total Stockholders' Equity EA Prepare the stockholders' equity section of Sweet Company's balance sheet after giving effect to these transactions, assuming that the net income for 2021 was $88,200. State law requires restriction of retained earnings for the amount of treasury stock. (Enter account name only and do not provide descriptive information.) SWEET COMPANY Stockholders' Equity Retained Earnings Common Stock December 31, 2021 Total Paid-in Capital and Retained Earnings Less : Treasury Stock Total Stockholders' Equity EA

Answer rating: 100% (QA)

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