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Show Attempt History Current Attempt in Progress Blue Spruce Corp. has been authorized to Issue...

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Accounting

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Show Attempt History Current Attempt in Progress Blue Spruce Corp. has been authorized to Issue 21,300 shares of $100 par value, 9%, noncumulative preferred stock and 1,135,000 shares of no-par common stock. The corporation assigned a $4 stated value to the common stock. At December 31, 2022, the ledger contained the following balances pertaining to stockholders' equity. Preferred Stock $163,000 Pald-in Capital in Excess of Par Value-Preferred Stock 22,300 Common Stock 2,025,000 Paid-in Capital in Excess of Stated Value-Common Stock 1,640,000 Treasury Stock (4,350 common shares) 52,200 Retained Earnings 83,200 Accumulated Other Comprehensive Income 50,300 The preferred stock was issued for $185,300 cash. All common stock Issued was for cash. In November 4,350 shares of common stock were purchased for the treasury at a per share cost of $12. No dividends were declared in 2022 (a) Your answer is correct. Prepare the stockholders' equity section of the balance sheet at December 31, 2022. BLUE SPRUCE CORP. Partial Balance Sheet December 31, 2022

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