The stockholders' equity accounts of Tamarisk, Inc. on January 1, 2022, were as follows. Preferred Stock...

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The stockholders' equity accounts of Tamarisk, Inc. on January 1, 2022, were as follows. Preferred Stock (8%, $50 par, cumulative, 10,500 shares authorized) $ 400,000 1,250,000 Common Stock ($1 stated value, 1,950.000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock 130,000 Paid-in Capital in Excess of Stated Value-Common Stock 1,450,000 1,800,000 Retained Earnings Treasury Stock (10,000 common shares) 40.000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb 1 Issued 24,000 shares of common stock for $123,00% Apr. 14 Sold 6,000 shares of treasury stock-common for $33,800. Sept. 3 Issued 4,700 shares of common stock for a patent valued at $34,800. Nov 10 Purchased 1,000 shares of common stock for the treasury at a cost of $5,800. Dec. 31 Determined that net income for the year was $430,000. No dividends were declared during the year (b) Enter the beginning balances in the accounts, and post the journal entries to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Common Stock Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Retained Earnings Paid-in Capital from Treasury Stock Treasury Stock The stockholders' equity accounts of Tamarisk, Inc. on January 1, 2022, were as follows. Preferred Stock (8%, $50 par, cumulative, 10,500 shares authorized) $ 400,000 1,250,000 Common Stock ($1 stated value, 1,950.000 shares authorized) Paid-in Capital in Excess of Par-Preferred Stock 130,000 Paid-in Capital in Excess of Stated Value-Common Stock 1,450,000 1,800,000 Retained Earnings Treasury Stock (10,000 common shares) 40.000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb 1 Issued 24,000 shares of common stock for $123,00% Apr. 14 Sold 6,000 shares of treasury stock-common for $33,800. Sept. 3 Issued 4,700 shares of common stock for a patent valued at $34,800. Nov 10 Purchased 1,000 shares of common stock for the treasury at a cost of $5,800. Dec. 31 Determined that net income for the year was $430,000. No dividends were declared during the year (b) Enter the beginning balances in the accounts, and post the journal entries to the stockholders' equity accounts. (Post entries in the order of journal entries presented in the previous part.) Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Common Stock Common Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Retained Earnings Paid-in Capital from Treasury Stock Treasury Stock